Intel (NASDAQ:INTC) PT Lowered to $25.00 at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

Intel (NASDAQ:INTC – Get Free Report) had its price objective cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $27.00 to $25.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the chip maker’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 10.67% from the stock’s current price.

A number of other research firms also recently weighed in on INTC. Northland Securities reduced their price target on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, August 2nd. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Finally, Mizuho cut Intel from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.96.

Get Our Latest Analysis on Intel

Intel Price Performance

Shares of INTC opened at $22.59 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The stock has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $29.53. Intel has a 52-week low of $18.51 and a 52-week high of $51.28. The firm has a market capitalization of $96.17 billion, a PE ratio of 23.53 and a beta of 1.03.

Intel (NASDAQ:INTC – Get Free Report) last released 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 analyst estimates of $12.92 billion. During the same period last year, the company earned ($0.05) EPS. The company’s revenue was down .8% compared to the same quarter last year. Sell-side analysts predict that Intel will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several large investors have recently modified their holdings of the stock. Adirondack Trust Co. grew its holdings in shares of Intel by 0.5% during the 1st quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock worth $2,287,000 after purchasing an additional 278 shares in the last quarter. Abacus Wealth Partners LLC grew its holdings in shares of Intel by 6.7% during the 1st quarter. Abacus Wealth Partners LLC now owns 4,542 shares of the chip maker’s stock worth $201,000 after purchasing an additional 286 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of Intel by 1.8% during the 1st quarter. First Affirmative Financial Network now owns 16,608 shares of the chip maker’s stock worth $734,000 after purchasing an additional 299 shares in the last quarter. VERITY Wealth Advisors grew its holdings in shares of Intel by 3.8% during the 1st quarter. VERITY Wealth Advisors now owns 8,448 shares of the chip maker’s stock worth $373,000 after purchasing an additional 312 shares in the last quarter. Finally, Mechanics Bank Trust Department grew its holdings in shares of Intel by 0.8% during the 1st quarter. Mechanics Bank Trust Department now owns 38,540 shares of the chip maker’s stock worth $1,702,000 after purchasing an additional 320 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Company Profile

(Get Free Report)

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.

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