Susquehanna Lowers Intel (NASDAQ:INTC) Price Target to $26.00

Intel (NASDAQ:INTC) had its price objective decreased by Susquehanna from $35.00 to $26.00 in a research report released on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the chip maker’s stock.

A number of other analysts have also commented on INTC. Bank of America lowered shares of Intel from a neutral rating to an underperform rating and reduced their price target for the stock from $35.00 to $23.00 in a research note on Friday. HSBC lowered shares of Intel from a hold rating to a reduce rating in a research note on Friday. TD Cowen reduced their price target on shares of Intel from $35.00 to $25.00 and set a hold rating for the company in a research note on Friday. Barclays cut their price target on Intel from $44.00 to $40.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Finally, Needham & Company LLC reissued a hold rating on shares of Intel in a report on Friday, April 26th. Five investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has an average rating of Hold and an average price target of $32.92.

Intel Stock Down 1.4 %

NASDAQ:INTC traded down $0.28 on Friday, reaching $19.83. 102,369,355 shares of the stock traded hands, compared to its average volume of 50,954,605. The company has a market capitalization of $84.42 billion, a price-to-earnings ratio of 20.76, 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. Intel has a 12 month low of $19.29 and a 12 month high of $51.28. The company’s fifty day simple moving average is $31.14 and its 200 day simple moving average is $36.52.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Equities analysts predict that Intel will post 0.07 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.52%. Intel’s dividend payout ratio is presently 52.08%.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently modified their holdings of the business. Frazier Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the first quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Intel in the second quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

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.