Intel (NASDAQ:INTC) Given New $32.00 Price Target at UBS Group

Intel (NASDAQ:INTC) had its price target reduced by UBS Group from $37.00 to $32.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the chip maker’s stock.

Other research analysts have also issued reports about the company. Mizuho cut their target price on Intel from $55.00 to $45.00 and set a buy rating for the company in a research note on Friday, April 26th. Wells Fargo & Company dropped their price objective on Intel from $43.00 to $38.00 and set an equal weight rating for the company in a research note on Friday, April 26th. New Street Research lowered Intel from a buy rating to a neutral rating in a research note on Friday. Cantor Fitzgerald dropped their price objective on Intel from $40.00 to $27.00 and set a neutral rating for the company in a research note on Friday. Finally, The Goldman Sachs Group dropped their price objective on Intel from $29.00 to $22.00 and set a sell rating for the company in a research note on Friday. Five investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of Hold and a consensus target price of $32.92.

Intel Stock Performance

Intel stock traded down $0.08 during trading hours on Friday, reaching $20.03. 76,578,266 shares of the company were exchanged, compared to its average volume of 50,857,746. The firm has a market cap of $85.27 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 17.38 and a beta of 1.05. 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 stock has a 50-day moving average of $31.14 and a 200 day moving average of $36.52. Intel has a 12 month low of $19.29 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS 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 return on equity of 1.82% and a net margin of 1.77%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. As a group, research analysts anticipate that Intel will post 0.07 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.50%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Hedge Funds Weigh In On Intel

A number of institutional investors have recently modified their holdings of INTC. Venturi Wealth Management LLC raised its holdings in shares of Intel by 34.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,640 shares of the chip maker’s stock worth $82,000 after buying an additional 423 shares in the last quarter. Advisory Alpha LLC bought a new stake in Intel during the 4th quarter worth $320,000. International Assets Investment Management LLC grew its position in Intel by 4,457.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,305,086 shares of the chip maker’s stock worth $166,081,000 after acquiring an additional 3,232,567 shares during the last quarter. Arkadios Wealth Advisors grew its position in Intel by 0.5% during the 4th quarter. Arkadios Wealth Advisors now owns 50,746 shares of the chip maker’s stock worth $2,550,000 after acquiring an additional 254 shares during the last quarter. Finally, Nilsine Partners LLC bought a new stake in Intel during the 4th quarter worth $227,000. Institutional investors and hedge funds 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.