Intel (NASDAQ:INTC) Price Target Lowered to $55.00 at Northland Securities

Intel (NASDAQ:INTCGet Rating) had its price target reduced by Northland Securities from $62.00 to $55.00 in a research report released on Friday, The Fly reports.

Other analysts also recently issued reports about the stock. Credit Suisse Group set a $60.00 price objective on shares of Intel in a report on Friday, April 29th. Rosenblatt Securities lowered their target price on shares of Intel from $40.00 to $30.00 and set a sell rating on the stock in a report on Friday. Wedbush lowered their target price on shares of Intel from $44.00 to $35.00 in a report on Friday. Citigroup lowered their target price on shares of Intel from $50.00 to $45.00 and set a neutral rating on the stock in a report on Monday, June 6th. Finally, Robert W. Baird downgraded shares of Intel from an outperform rating to a neutral rating and lowered their target price for the stock from $60.00 to $40.00 in a report on Friday. Eight equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $43.92.

Intel Price Performance

NASDAQ INTC opened at $36.96 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. Intel has a 12-month low of $35.24 and a 12-month high of $56.28. The company has a market capitalization of $151.13 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 2.10 and a beta of 0.62. The firm’s 50 day moving average is $39.39 and its 200-day moving average is $44.55.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $17.93 billion. During the same quarter last year, the business earned $1.28 earnings per share. Intel’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities research analysts anticipate that Intel will post 2.3 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be given a $0.365 dividend. The ex-dividend date is Friday, August 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.95%. Intel’s payout ratio is presently 31.26%.

Institutional Investors Weigh In On Intel

A number of institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Intel during the fourth quarter worth about $2,080,248,000. Capital World Investors lifted its position in Intel by 201.3% during the first quarter. Capital World Investors now owns 38,364,844 shares of the chip maker’s stock worth $1,901,362,000 after purchasing an additional 25,630,363 shares during the period. Clearbridge Investments LLC lifted its position in Intel by 4,407.3% during the first quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after purchasing an additional 16,074,485 shares during the period. BlackRock Inc. lifted its position in Intel by 3.0% during the first quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock worth $16,922,274,000 after purchasing an additional 10,103,061 shares during the period. Finally, State Street Corp lifted its position in Intel by 3.7% during the fourth quarter. State Street Corp now owns 177,117,083 shares of the chip maker’s stock worth $9,121,530,000 after purchasing an additional 6,279,484 shares during the period. Institutional investors own 62.74% of the company’s stock.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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