Intel (NASDAQ:INTC) Price Target Cut to $32.00 by Analysts at UBS Group

Intel (NASDAQ:INTC) had its price objective trimmed by UBS Group from $37.00 to $32.00 in a report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the chip maker’s stock.

A number of other research firms have also commented on INTC. Barclays decreased their target price on Intel from $40.00 to $25.00 and set an equal weight rating for the company in a research report on Friday. Raymond James lowered Intel from an outperform rating to a market perform rating in a research report on Friday. Wedbush decreased their target price on Intel from $32.50 to $25.00 and set a neutral rating for the company in a research report on Friday. Jefferies Financial Group began coverage on Intel in a research report on Monday, May 13th. They issued a hold rating and a $34.00 target price for the company. Finally, Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a neutral rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $33.41.

Intel Trading Down 26.1 %

INTC opened at $21.48 on Friday. The business has a 50 day simple moving average of $31.35 and a two-hundred day simple moving average of $36.85. The firm has a market capitalization of $91.44 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel has a one year low of $20.42 and a one year high of $51.28.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter worth $27,000. Burkett Financial Services LLC bought a new stake in Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC bought a new stake in Intel during the first quarter valued at about $27,000. Spartan Fund Management Inc. bought a new stake in Intel during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new stake in Intel during the second quarter valued at about $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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.