Intel (NASDAQ:INTC) Price Target Cut to $25.00 by Analysts at Deutsche Bank Aktiengesellschaft

Intel (NASDAQ:INTC) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $27.00 to $25.00 in a report published on Thursday, Benzinga reports. The firm currently has a hold rating on the chip maker’s stock.

Other analysts have also issued research reports about the stock. Wedbush lowered their price target on shares of Intel from $32.50 to $25.00 and set a neutral rating for the company in a report on Friday, August 2nd. TD Cowen raised Intel to a hold rating in a research note on Monday, September 16th. Raymond James lowered Intel from an outperform rating to a market perform rating in a research note on Friday, August 2nd. Truist Financial lowered their price objective on Intel from $33.00 to $25.00 and set a hold rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Intel from $35.00 to $26.00 and set an underweight rating on the stock in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $31.96.

Intel Price Performance

Intel stock opened at $22.59 on Thursday. The business’s fifty day moving average is $21.64 and its two-hundred day moving average is $29.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market cap of $96.17 billion, a P/E ratio of 23.53 and a beta of 1.03. Intel has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (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 analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. Equities research analysts forecast that Intel will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Institutional investors have recently bought and sold shares of the company. Tributary Capital Management LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel in the 1st quarter valued at $36,000. America First Investment Advisors LLC bought a new stake in Intel during the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel during the 2nd quarter worth about $27,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Intel during the 4th quarter worth about $46,000. 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.