Barclays Lowers Intel (NASDAQ:INTC) Price Target to $40.00

Intel (NASDAQ:INTC) had its price objective reduced by Barclays from $44.00 to $40.00 in a report issued on Friday, Benzinga reports. They currently have an equal weight rating on the chip maker’s stock.

A number of other analysts have also weighed in on INTC. TD Cowen lowered their price target on shares of Intel from $42.00 to $35.00 and set a hold rating for the company in a report on Friday. The Goldman Sachs Group dropped their target price on Intel from $39.00 to $34.00 and set a sell rating for the company in a research report on Friday. HSBC decreased their price target on Intel from $44.00 to $37.00 and set a hold rating on the stock in a report on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on Intel from $37.00 to $35.00 and set an underweight rating for the company in a report on Friday. Finally, UBS Group raised their target price on shares of Intel from $46.00 to $50.00 and gave the company a neutral rating in a research note on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $39.75.

Intel Trading Down 1.6 %

INTC opened at $31.36 on Friday. Intel has a 1-year low of $26.85 and a 1-year high of $51.28. The stock has a market capitalization of $132.59 billion, a PE ratio of 32.67, a PEG ratio of 2.89 and a beta of 1.00. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $40.63 and a two-hundred day moving average price of $42.27.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The stock was purchased at an average price of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now directly owns 31,275 shares in the company, valued at approximately $1,336,693.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Slow Capital Inc. grew its holdings in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its stake in Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $201,000. Callan Capital LLC raised its stake in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors boosted its holdings in shares of Intel by 1.3% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after buying an additional 574 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

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.