Intel (NASDAQ:INTC) PT Lowered to $37.00

Intel (NASDAQ:INTC - Free Report) had its price objective lowered by HSBC from $44.00 to $37.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the chip maker's stock.

Several other brokerages have also commented on INTC. Susquehanna dropped their price target on shares of Intel from $42.00 to $40.00 and set a neutral rating on the stock in a research note on Wednesday, April 17th. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the company a neutral rating in a research note on Monday, April 1st. Bank of America dropped their price target on shares of Intel from $50.00 to $44.00 and set a neutral rating on the stock in a research note on Friday, April 12th. Mizuho dropped their price target on shares of Intel from $58.00 to $55.00 and set a buy rating on the stock in a research note on Friday, January 26th. Finally, Needham & Company LLC reiterated a hold rating on shares of Intel in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $42.38.

Intel Stock Down 0.4 %

Shares of INTC stock traded down $0.13 during trading hours on Tuesday, reaching $34.28. 44,085,648 shares of the stock were exchanged, compared to its average volume of 46,893,191. The business's fifty day moving average is $41.66 and its two-hundred day moving average is $42.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 12-month low of $26.85 and a 12-month high of $51.28. The firm has a market capitalization of $144.94 billion, a P/E ratio of 87.90, a P/E/G ratio of 3.07 and a beta of 1.00.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts expect that Intel will post 0.61 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel's dividend payout ratio is currently 128.21%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company's stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of the firm's stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company's stock, valued at $1,336,693.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the business's stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently made changes to their positions in INTC. New Millennium Group LLC raised its holdings in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. Tributary Capital Management LLC acquired a new stake in Intel during the first quarter worth approximately $27,000. Finally, Legacy Financial Group LLC acquired a new stake in Intel during the third quarter worth approximately $30,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.