Intel Co. (NASDAQ:INTC) Given Consensus Rating of “Reduce” by Brokerages

Intel Co. (NASDAQ:INTC) has earned a consensus recommendation of “Reduce” from the thirty research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.04.

Several brokerages have recently commented on INTC. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Mizuho downgraded Intel from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Finally, The Goldman Sachs Group lowered their price target on Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a report on Friday, August 2nd.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. America First Investment Advisors LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC bought a new position in Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC acquired a new stake in Intel in the fourth quarter worth about $27,000. Tributary Capital Management LLC bought a new stake in Intel during the 1st quarter worth about $27,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter worth $27,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 9.5 %

NASDAQ:INTC opened at $22.04 on Monday. The stock has a market cap of $93.82 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. Intel has a fifty-two week low of $18.84 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock’s 50-day moving average is $27.24 and its two-hundred day moving average is $33.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.82%. The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.