Intel (NASDAQ:INTC) Price Target Lowered to $35.00 at TD Cowen

Intel (NASDAQ:INTC) had its price target trimmed by TD Cowen from $42.00 to $35.00 in a report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the chip maker’s stock.

Other equities analysts also recently issued research reports about the company. Benchmark restated a buy rating and issued a $62.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Barclays increased their price objective on Intel from $32.00 to $44.00 and gave the stock an equal weight rating in a report on Tuesday, January 16th. Truist Financial restated a hold rating and issued a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. The Goldman Sachs Group increased their price objective on Intel from $34.00 to $39.00 and gave the stock a sell rating in a report on Friday, January 26th. Finally, Evercore ISI initiated coverage on Intel in a report on Tuesday, April 16th. They set an in-line rating and a $40.00 price target on the stock. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $39.75.

Intel Price Performance

INTC stock opened at $31.88 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel has a one year low of $26.85 and a one year high of $51.28. The firm has a market capitalization of $134.79 billion, a PE ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00. The firm has a 50-day moving average of $40.88 and a two-hundred day moving average of $42.23.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The company had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a net margin of 7.36% and a return on equity of 2.22%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, analysts forecast that Intel will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Intel’s payout ratio is 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intel news, CEO Patrick P. Gelsinger bought 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Artemis Wealth Advisors LLC purchased a new stake in shares of Intel during the first quarter valued at approximately $3,799,000. Vigilare Wealth Management increased its position in shares of Intel by 4.8% during the first quarter. Vigilare Wealth Management now owns 11,000 shares of the chip maker’s stock valued at $486,000 after acquiring an additional 500 shares during the last quarter. Finer Wealth Management Inc. increased its position in shares of Intel by 5.6% during the first quarter. Finer Wealth Management Inc. now owns 74,210 shares of the chip maker’s stock valued at $3,278,000 after acquiring an additional 3,944 shares during the last quarter. BayBridge Capital Group LLC increased its position in shares of Intel by 505.9% during the first quarter. BayBridge Capital Group LLC now owns 31,505 shares of the chip maker’s stock valued at $1,392,000 after acquiring an additional 26,305 shares during the last quarter. Finally, Harrington Investments INC increased its position in Intel by 3.8% in the first quarter. Harrington Investments INC now owns 87,316 shares of the chip maker’s stock worth $3,857,000 after buying an additional 3,194 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

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.