Intel (NASDAQ:INTC) PT Lowered to $45.00

Intel (NASDAQ:INTC) had its price target decreased by Mizuho from $55.00 to $45.00 in a research note issued to investors on Friday, Benzinga reports. Mizuho currently has a buy rating on the chip maker’s stock.

INTC has been the subject of a number of other reports. Barclays lifted their target price on Intel from $32.00 to $44.00 and gave the company an equal weight rating in a report on Tuesday, January 16th. Bank of America cut their price target on Intel from $50.00 to $44.00 and set a neutral rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company cut their price target on Intel from $48.00 to $43.00 and set an equal weight rating on the stock in a research note on Tuesday, April 9th. Rosenblatt Securities restated a sell rating and issued a $17.00 price target on shares of Intel in a research note on Friday. Finally, Needham & Company LLC restated a hold rating on shares of Intel in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $39.75.

Intel Trading Down 9.2 %

INTC opened at $31.88 on Friday. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The business has a fifty day simple moving average of $40.88 and a 200-day simple moving average of $42.23. The firm has a market cap of $134.79 billion, a P/E ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The firm had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. Intel’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. On average, equities analysts expect that Intel will post 0.6 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction on 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 is available through this hyperlink. In other news, CEO Patrick P. Gelsinger purchased 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. CX Institutional lifted its stake in Intel by 13.4% in the 3rd quarter. CX Institutional now owns 20,985 shares of the chip maker’s stock valued at $746,000 after buying an additional 2,474 shares in the last quarter. Simplicity Solutions LLC raised its holdings in Intel by 45.5% in the 3rd quarter. Simplicity Solutions LLC now owns 111,005 shares of the chip maker’s stock valued at $3,946,000 after acquiring an additional 34,739 shares during the last quarter. Connecticut Wealth Management LLC raised its holdings in Intel by 7.3% in the 3rd quarter. Connecticut Wealth Management LLC now owns 12,751 shares of the chip maker’s stock valued at $453,000 after acquiring an additional 872 shares during the last quarter. Ballentine Partners LLC raised its holdings in Intel by 5.6% in the 3rd quarter. Ballentine Partners LLC now owns 53,308 shares of the chip maker’s stock valued at $1,895,000 after acquiring an additional 2,806 shares during the last quarter. Finally, TFG Advisers LLC raised its holdings in Intel by 2.8% in the 3rd quarter. TFG Advisers LLC now owns 14,521 shares of the chip maker’s stock valued at $516,000 after acquiring an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

About Intel

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.