Intel (NASDAQ:INTC) PT Lowered to $40.00 at Susquehanna

Intel (NASDAQ:INTC) had its price objective cut by Susquehanna from $42.00 to $40.00 in a report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

A number of other equities research analysts also recently commented on INTC. Stifel Nicolaus reiterated a hold rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the stock a neutral rating in a research note on Monday, April 1st. Rosenblatt Securities reissued a sell rating and set a $17.00 price objective on shares of Intel in a research note on Friday, February 23rd. Needham & Company LLC reissued a hold rating on shares of Intel in a research note on Friday, January 26th. Finally, HSBC reduced their price objective on Intel from $46.00 to $44.00 and set a hold rating on the stock in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $42.62.

Intel Price Performance

Shares of Intel stock opened at $34.20 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $144.60 billion, a price-to-earnings ratio of 87.69, a PEG ratio of 3.15 and a beta of 1.00. Intel has a 52 week low of $26.85 and a 52 week high of $51.28. The stock’s 50-day simple moving average is $41.85 and its 200-day simple moving average is $42.29.

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

Intel Dividend Announcement

The company 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. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.46%. Intel’s dividend payout ratio (DPR) is currently 128.21%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares in the company, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction 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 acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Institutional Trading of Intel

A number of hedge funds have recently bought and sold shares of INTC. Maryland State Retirement & Pension System grew its stake in Intel by 0.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 331,039 shares of the chip maker’s stock worth $14,622,000 after buying an additional 2,508 shares during the last quarter. Cohen Investment Advisors LLC grew its stake in shares of Intel by 9.7% during the first quarter. Cohen Investment Advisors LLC now owns 61,608 shares of the chip maker’s stock worth $2,721,000 after acquiring an additional 5,441 shares during the last quarter. FORVIS Wealth Advisors LLC increased its holdings in shares of Intel by 2.3% during the first quarter. FORVIS Wealth Advisors LLC now owns 113,395 shares of the chip maker’s stock valued at $5,009,000 after acquiring an additional 2,569 shares in the last quarter. Veracity Capital LLC raised its position in shares of Intel by 23.5% in the 1st quarter. Veracity Capital LLC now owns 18,171 shares of the chip maker’s stock valued at $803,000 after purchasing an additional 3,455 shares during the last quarter. Finally, American National Bank & Trust Co. VA acquired a new stake in Intel in the 1st quarter worth approximately $4,367,000. 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.