Deutsche Bank Aktiengesellschaft Lowers Intel (NASDAQ:INTC) Price Target to $25.00

Intel (NASDAQ:INTC) had its price target reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $27.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the chip maker’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 10.67% from the stock’s current price.

Several other brokerages have also commented on INTC. Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, August 2nd. UBS Group reduced their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.96.

Intel Stock Up 1.5 %

INTC stock opened at $22.59 on Thursday. Intel has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market cap of $96.17 billion, a PE ratio of 23.53 and a beta of 1.03. The business’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $29.53. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last released its earnings results 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 firm 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% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. On average, research analysts anticipate that Intel will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $20.16 per share, for a total transaction 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. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

Several institutional investors have recently modified their holdings of the stock. HBW Advisory Services LLC grew its position in shares of Intel by 8.6% during the 3rd quarter. HBW Advisory Services LLC now owns 8,909 shares of the chip maker’s stock worth $209,000 after buying an additional 704 shares during the period. Alpha Omega Wealth Management LLC grew its position in shares of Intel by 17.6% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 142,441 shares of the chip maker’s stock worth $3,342,000 after buying an additional 21,304 shares during the period. Czech National Bank grew its position in shares of Intel by 7.2% in the 3rd quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock valued at $20,392,000 after purchasing an additional 58,021 shares during the period. Cacti Asset Management LLC grew its position in shares of Intel by 63.3% in the 3rd quarter. Cacti Asset Management LLC now owns 116,100 shares of the chip maker’s stock valued at $2,648,000 after purchasing an additional 45,000 shares during the period. Finally, Centaurus Financial Inc. grew its position in shares of Intel by 68.1% in the 2nd quarter. Centaurus Financial Inc. now owns 35,484 shares of the chip maker’s stock valued at $1,099,000 after purchasing an additional 14,375 shares during the period. 64.53% of the stock is currently 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.