Intel Co. (NASDAQ:INTC) Given Average Recommendation of “Reduce” by Brokerages

Intel Co. (NASDAQ:INTC) has been given an average rating of “Reduce” by the thirty brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $31.96.

INTC has been the topic of several analyst reports. Barclays reduced their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Mizuho lowered Intel from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. Morgan Stanley cut their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Wedbush decreased their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Susquehanna lowered their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tributary Capital Management LLC acquired a new stake in Intel during the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Intel during the first quarter worth $36,000. America First Investment Advisors LLC purchased a new position in Intel in the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the 2nd quarter valued at $27,000. Finally, Richardson Financial Services Inc. purchased a new position in Intel during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.5 %

Shares of NASDAQ:INTC opened at $23.44 on Tuesday. Intel has a 52-week low of $18.51 and a 52-week high of $51.28. The stock has a market cap of $99.78 billion, a P/E ratio of 24.42 and a beta of 1.03. The business has a fifty day moving average of $21.18 and a two-hundred day moving average of $28.53. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the company posted ($0.05) EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts expect that Intel will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.13%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.