Intel’s (INTC) Sell Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their sell rating on shares of Intel (NASDAQ:INTC) in a report published on Friday morning, Benzinga reports. Rosenblatt Securities currently has a $17.00 price objective on the chip maker’s stock.

A number of other brokerages also recently issued reports on INTC. UBS Group raised their price objective on Intel from $46.00 to $50.00 and gave the stock a neutral rating in a research report on Monday, April 1st. Susquehanna dropped their price target on shares of Intel from $42.00 to $40.00 and set a neutral rating for the company in a research report on Wednesday, April 17th. Benchmark restated a buy rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Truist Financial reiterated a hold rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Bank of America decreased 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. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $39.75.

Intel Trading Down 1.6 %

INTC opened at $31.36 on Friday. The business’s 50 day moving average price is $40.63 and its 200 day moving average price is $42.27. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The stock has a market capitalization of $132.59 billion, a PE ratio of 32.67, a P/E/G ratio of 2.89 and a beta of 1.00. Intel has a one year low of $26.85 and a one year high of $51.28.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several large investors have recently bought and sold shares of the stock. New Millennium Group LLC boosted its position in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $27,000. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.