Intel Co. (NASDAQ:INTC) Given Consensus Recommendation of “Reduce” by Analysts

Intel Co. (NASDAQ:INTC) has been given a consensus rating of “Reduce” by the thirty analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, twenty-four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $31.92.

INTC has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Barclays reduced their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction on Monday, August 5th. The shares were bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Intel

Hedge funds have recently made changes to their positions in the company. Tributary Capital Management LLC acquired a new position in Intel in the 1st quarter worth $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Intel in the first quarter worth about $36,000. America First Investment Advisors LLC purchased a new position in Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $27,000. Finally, Richardson Financial Services Inc. purchased a new stake in Intel during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 1.5 %

NASDAQ:INTC opened at $22.77 on Tuesday. The stock has a market capitalization of $96.93 billion, a price-to-earnings ratio of 23.72 and a beta of 1.03. Intel has a 1 year low of $18.51 and a 1 year high of $51.28. The stock has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $28.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. Intel’s payout ratio is 52.08%.

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.