Truist Financial Trims Intel (NASDAQ:INTC) Target Price to $25.00

Intel (NASDAQ:INTC) had its price target trimmed by Truist Financial from $33.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage currently has a hold rating on the chip maker’s stock.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company cut their price target on Intel from $43.00 to $38.00 and set an equal weight rating on the stock in a report on Friday, April 26th. JPMorgan Chase & Co. cut their price target on Intel from $35.00 to $26.00 and set an underweight rating on the stock in a report on Friday. Needham & Company LLC restated a hold rating on shares of Intel in a report on Friday, April 26th. Jefferies Financial Group started coverage on Intel in a report on Monday, May 13th. They issued a hold rating and a $34.00 target price on the stock. Finally, Roth Mkm cut their target price on Intel from $45.00 to $35.00 and set a neutral rating on the stock in a report on Friday, April 26th. Five research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of Hold and an average price target of $32.92.

Intel Trading Down 7.3 %

Shares of Intel stock traded down $1.56 on Friday, hitting $19.92. The stock had a trading volume of 110,549,477 shares, compared to its average volume of 50,437,902. The firm has a market capitalization of $84.80 billion, a P/E ratio of 20.65, a PEG ratio of 17.38 and a beta of 1.05. The stock has a 50 day moving average of $31.35 and a 200 day moving average of $36.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel has a twelve month low of $19.29 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results 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 analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. Sell-side analysts expect that Intel will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Slow Capital Inc. grew its holdings in shares of Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Brookstone Capital Management boosted its stake in Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after buying an additional 1,474 shares in the last quarter. Hedge funds and other 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.