Intel (NASDAQ:INTC) Price Target Cut to $35.00 by Analysts at Deutsche Bank Aktiengesellschaft

Intel (NASDAQ:INTCGet Rating) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $38.00 to $35.00 in a report issued on Thursday morning, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the chip maker’s stock.

INTC has been the subject of a number of other research reports. Sanford C. Bernstein set a $30.00 price target on shares of Intel in a research report on Tuesday, September 6th. Wedbush decreased their price objective on shares of Intel from $44.00 to $35.00 in a report on Friday, July 29th. Bank of America decreased their price objective on shares of Intel from $47.00 to $39.00 and set an underperform rating for the company in a report on Wednesday, June 29th. Robert W. Baird downgraded shares of Intel from an outperform rating to a neutral rating and decreased their price objective for the stock from $60.00 to $40.00 in a report on Friday, July 29th. Finally, Citigroup decreased their price objective on shares of Intel from $50.00 to $45.00 and set a neutral rating for the company in a report on Monday, June 6th. Nine analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of Hold and an average price target of $42.96.

Intel Stock Up 2.3 %

INTC stock opened at $31.46 on Thursday. Intel has a twelve month low of $29.91 and a twelve month high of $56.28. The company has a current ratio of 1.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $129.17 billion, a P/E ratio of 6.74, a PEG ratio of 1.82 and a beta of 0.65. The firm has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $41.50.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same period in the previous year, the business posted $1.28 EPS. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts predict that Intel will post 2.25 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Sunday, August 7th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend was Friday, August 5th. Intel’s dividend payout ratio is currently 31.26%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average cost of $33.86 per share, for a total transaction of $501,128.00. Following the completion of the purchase, the chief executive officer now directly owns 77,216 shares in the company, valued at $2,614,533.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Intel by 4.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 245,727 shares of the chip maker’s stock worth $12,178,000 after acquiring an additional 10,188 shares during the period. Intercontinental Wealth Advisors LLC increased its stake in Intel by 2.2% in the 1st quarter. Intercontinental Wealth Advisors LLC now owns 32,164 shares of the chip maker’s stock worth $1,594,000 after purchasing an additional 682 shares in the last quarter. Clearstead Advisors LLC increased its stake in Intel by 1.6% in the 1st quarter. Clearstead Advisors LLC now owns 159,900 shares of the chip maker’s stock worth $7,925,000 after purchasing an additional 2,562 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in Intel by 4.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 31,430 shares of the chip maker’s stock worth $1,558,000 after purchasing an additional 1,198 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its stake in Intel by 5.6% in the 4th quarter. CWA Asset Management Group LLC now owns 11,831 shares of the chip maker’s stock worth $609,000 after purchasing an additional 624 shares in the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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