Deutsche Bank Aktiengesellschaft Cuts Intel (NASDAQ:INTC) Price Target to $25.00

Intel (NASDAQ:INTC) had its price target reduced by Deutsche Bank Aktiengesellschaft from $27.00 to $25.00 in a research report sent to investors on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the chip maker’s stock.

Several other research analysts have also commented on the stock. HSBC lowered shares of Intel from a hold rating to a reduce rating in a research note on Friday, August 2nd. TD Cowen upgraded Intel to a hold rating in a report on Monday, September 16th. Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a neutral rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on Intel from $35.00 to $26.00 and set an underweight rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial decreased their target price on Intel from $33.00 to $25.00 and set a hold rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $31.96.

Intel Price Performance

Shares of NASDAQ:INTC opened at $22.59 on Thursday. The business has a fifty day simple moving average of $21.64 and a 200 day simple moving average of $29.44. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a market cap of $96.17 billion, a price-to-earnings ratio of 23.53 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly 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). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Intel will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.21%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC acquired a new position in shares of Intel in the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Intel in the first quarter valued at $36,000. America First Investment Advisors LLC acquired a new position in Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the second quarter valued at $27,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Intel in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.