Roth Capital Trims Intel (NASDAQ:INTC) Target Price to $40.00

Intel (NASDAQ:INTCGet Rating) had its price target cut by Roth Capital from $48.00 to $40.00 in a report published on Friday morning, The Fly reports. They currently have a neutral rating on the chip maker’s stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $55.00 to $45.00 in a report on Wednesday, July 20th. Susquehanna Bancshares decreased their price target on shares of Intel from $42.00 to $40.00 and set a neutral rating on the stock in a report on Tuesday, July 19th. Robert W. Baird lowered shares of Intel from an outperform rating to a neutral rating and decreased their price target for the stock from $60.00 to $40.00 in a report on Friday. TheStreet lowered shares of Intel from a b- rating to a c+ rating in a report on Tuesday, May 24th. Finally, Wedbush reissued an underperform rating and issued a $45.00 price target on shares of Intel in a report on Thursday, April 21st. Eight equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $43.92.

Intel Stock Performance

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

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

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be issued a dividend of $0.365 per share. The ex-dividend date is Friday, August 5th. This represents a $1.46 annualized dividend and a dividend yield of 3.95%. Intel’s dividend payout ratio (DPR) is currently 31.26%.

Institutional Investors Weigh In On Intel

Several hedge funds have recently bought and sold shares of INTC. Norges Bank purchased a new position in Intel in the 4th quarter valued at $2,080,248,000. Capital World Investors increased its stake in shares of Intel by 201.3% in the 1st quarter. Capital World Investors now owns 38,364,844 shares of the chip maker’s stock worth $1,901,362,000 after acquiring an additional 25,630,363 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Intel by 4,407.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock worth $814,727,000 after acquiring an additional 16,074,485 shares during the last quarter. BlackRock Inc. increased its stake in shares of Intel by 3.0% in the 1st quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock worth $16,922,274,000 after acquiring an additional 10,103,061 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Intel by 3.7% in the 4th quarter. State Street Corp now owns 177,117,083 shares of the chip maker’s stock worth $9,121,530,000 after acquiring an additional 6,279,484 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

About Intel

(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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