Intel’s (INTC) “Sell” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their sell rating on shares of Intel (NASDAQ:INTC) in a research note published on Friday, Benzinga reports. Rosenblatt Securities currently has a $17.00 price objective on the chip maker’s stock.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intel from $38.00 to $27.00 and set a hold rating on the stock in a report on Friday. UBS Group lowered their target price on Intel from $37.00 to $32.00 and set a neutral rating for the company in a report on Friday. Mizuho cut their price target on Intel from $55.00 to $45.00 and set a buy rating on the stock in a report on Friday, April 26th. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a neutral rating for the company in a research note on Friday. Finally, Needham & Company LLC reiterated a hold rating on shares of Intel in a research note on Friday, April 26th. Five research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $32.92.

Intel Stock Performance

Shares of Intel stock opened at $20.11 on Friday. Intel has a 52 week low of $19.29 and a 52 week high of $51.28. The company has a market capitalization of $85.61 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The stock’s fifty day moving average is $31.35 and its two-hundred day moving average is $36.71. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

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

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a $0.125 dividend. 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 2.49%. Intel’s payout ratio is 52.08%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INTC. Frazier Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC purchased a new position in Intel during the fourth quarter worth approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the 2nd quarter valued at approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.