Intel’s (INTC) Hold Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of Intel (NASDAQ:INTC) in a research note released on Monday, Benzinga reports.

INTC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a hold rating on the stock in a research note on Friday, August 2nd. TD Cowen upgraded shares of Intel to a hold rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on shares of Intel from $35.00 to $26.00 and set an underweight rating on the stock in a report on Friday, August 2nd. Northland Securities reduced their price objective on shares of Intel from $68.00 to $42.00 and set an outperform rating for the company in a research report on Friday, August 2nd. Finally, Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel currently has a consensus rating of Hold and an average target price of $32.04.

Intel Price Performance

INTC stock opened at $23.54 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $100.66 billion, a P/E ratio of 24.52 and a beta of 1.03. The business has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $30.49. Intel has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Intel will post -0.47 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter worth approximately $25,000. Burkett Financial Services LLC purchased a new stake in shares of Intel during the 4th quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel in the 2nd quarter worth $27,000. Finally, Spartan Fund Management Inc. acquired a new position in Intel in the second quarter valued at $31,000. Hedge funds and other institutional investors 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.