Intel (NASDAQ:INTC) Stock Rating Lowered by New Street Research

New Street Research lowered shares of Intel (NASDAQ:INTC) from a buy rating to a neutral rating in a research report sent to investors on Friday, Marketbeat.com reports.

INTC has been the subject of a number of other reports. Citigroup cut their target price on Intel from $47.50 to $40.00 and set a neutral rating for the company in a research note on Monday, April 15th. Mizuho lowered their price target on Intel from $55.00 to $45.00 and set a buy rating on the stock in a report on Friday, April 26th. Susquehanna dropped their price objective on Intel from $35.00 to $26.00 and set a neutral rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a hold rating on shares of Intel in a research note on Friday, April 26th. Finally, Barclays dropped their price objective on Intel from $44.00 to $40.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $32.92.

Intel Stock Down 0.9 %

Shares of NASDAQ:INTC traded down $0.18 on Friday, hitting $19.93. 80,257,125 shares of the company’s stock were exchanged, compared to its average volume of 50,882,270. The firm’s 50-day moving average is $31.14 and its 200 day moving average is $36.52. The company has a market capitalization of $84.84 billion, a PE ratio of 20.90, a P/E/G ratio of 17.38 and a beta of 1.05. Intel has a 1-year low of $19.29 and a 1-year high of $51.28. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.82%. The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts predict that Intel will post 0.07 EPS for the current year.

Intel Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barrett & Company Inc. raised its position in shares of Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after buying an additional 210 shares in the last quarter. Waldron Private Wealth LLC grew its stake in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of Intel by 4.3% during the fourth quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock worth $300,000 after buying an additional 246 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its stake in shares of Intel by 1.1% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock worth $1,114,000 after buying an additional 247 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds 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.