Intel (NASDAQ:INTC) Given New $25.00 Price Target at TD Cowen

Intel (NASDAQ:INTC) had its price target decreased by TD Cowen from $35.00 to $25.00 in a report released on Friday morning, MarketBeat reports. TD Cowen currently has a hold rating on the chip maker’s stock.

Other research analysts have also issued research reports about the company. Barclays decreased their target price on Intel from $44.00 to $40.00 and set an equal weight rating for the company in a research report on Friday, April 26th. JPMorgan Chase & Co. cut their price target on Intel from $37.00 to $35.00 and set an underweight rating on the stock in a report on Friday, April 26th. Raymond James downgraded Intel from an outperform rating to a market perform rating in a report on Friday. Roth Mkm cut their price target on Intel from $45.00 to $35.00 and set a neutral rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company cut their price target on Intel from $43.00 to $38.00 and set an equal weight rating on the stock in a report on Friday, April 26th. Five investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of Hold and an average price target of $32.92.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $20.11 on Friday. The company has a market cap of $85.61 billion, a P/E ratio of 20.95, a PEG ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel has a one year low of $19.29 and a one year high of $51.28. The business’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $36.71.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. On average, sell-side analysts forecast that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of INTC. Burkett Financial Services LLC acquired a new position in Intel in the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in Intel in the 4th quarter worth about $27,000. Tributary Capital Management LLC acquired a new position in Intel in the 1st quarter worth about $27,000. Signature Resources Capital Management LLC acquired a new position in Intel in the 4th quarter worth about $37,000. Finally, Bare Financial Services Inc bought a new stake in shares of Intel during the 4th quarter worth about $39,000. 64.53% of the stock is owned by institutional investors and hedge funds.

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.