Intel (NASDAQ:INTC) Price Target Lowered to $45.00 at Mizuho

Intel (NASDAQ:INTC) had its price target decreased by Mizuho from $55.00 to $45.00 in a research report released on Friday, Benzinga reports. Mizuho currently has a buy rating on the chip maker’s stock.

A number of other brokerages also recently weighed in on INTC. Wedbush reaffirmed a neutral rating and issued a $40.00 target price on shares of Intel in a research note on Wednesday, April 17th. TD Cowen decreased their price target on shares of Intel from $42.00 to $35.00 and set a hold rating on the stock in a research note on Friday. Morgan Stanley lifted their price target on shares of Intel from $39.00 to $48.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. HSBC decreased their price target on shares of Intel from $44.00 to $37.00 and set a hold rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has an average rating of Hold and an average price target of $39.75.

Intel Trading Down 9.2 %

Shares of INTC opened at $31.88 on Friday. The firm’s 50 day simple moving average is $40.88 and its 200 day simple moving average is $42.23. The company has a market capitalization of $134.79 billion, a P/E ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel has a 1-year low of $26.85 and a 1-year high of $51.28.

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

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

A number of large investors have recently added to or reduced their stakes in the company. Artemis Wealth Advisors LLC purchased a new position in shares of Intel in the 1st quarter worth approximately $3,799,000. Vigilare Wealth Management boosted its holdings in shares of Intel by 4.8% in the 1st quarter. Vigilare Wealth Management now owns 11,000 shares of the chip maker’s stock worth $486,000 after purchasing an additional 500 shares during the period. Finer Wealth Management Inc. boosted its holdings in shares of Intel by 5.6% in the 1st quarter. Finer Wealth Management Inc. now owns 74,210 shares of the chip maker’s stock worth $3,278,000 after purchasing an additional 3,944 shares during the period. BayBridge Capital Group LLC boosted its holdings in shares of Intel by 505.9% in the 1st quarter. BayBridge Capital Group LLC now owns 31,505 shares of the chip maker’s stock worth $1,392,000 after purchasing an additional 26,305 shares during the period. Finally, Harrington Investments INC boosted its holdings in shares of Intel by 3.8% in the 1st quarter. Harrington Investments INC now owns 87,316 shares of the chip maker’s stock worth $3,857,000 after purchasing an additional 3,194 shares during the period. Institutional investors own 64.53% of the company’s stock.

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.