Analysts Set Intel Co. (NASDAQ:INTC) Price Target at $32.04

Intel Co. (NASDAQ:INTC) has been assigned an average rating of “Reduce” from the thirty research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $32.04.

A number of brokerages recently commented on INTC. Wedbush lowered their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays lowered 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. Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. UBS Group lowered their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd.

Intel Price Performance

Shares of INTC opened at $21.84 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $23.67 and its two-hundred day moving average is $30.80. Intel has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market capitalization of $92.97 billion, a PE ratio of 22.75 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Research analysts anticipate that Intel will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Intel

Hedge funds have recently added to or reduced their stakes in the business. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the fourth quarter valued at $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the first quarter worth about $27,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the 2nd quarter worth about $27,000. Institutional investors and hedge funds 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.