Rosenblatt Securities Reaffirms Sell Rating for Intel (NASDAQ:INTC)

Rosenblatt Securities restated their sell rating on shares of Intel (NASDAQ:INTC) in a report issued on Friday morning, Benzinga reports. They currently have a $17.00 price objective on the chip maker’s stock.

A number of other equities research analysts have also commented on INTC. HSBC lowered Intel from a hold rating to a reduce rating in a research report on Friday. Morgan Stanley dropped their target price on Intel from $36.00 to $25.00 and set an equal weight rating on the stock 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. Evercore ISI dropped their target price on Intel from $40.00 to $36.00 and set an in-line rating on the stock in a research report on Friday, April 26th. Finally, Citigroup dropped their target price on Intel from $47.50 to $40.00 and set a neutral rating on the stock in a research report on Monday, April 15th. Five research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $33.41.

Intel Price Performance

Shares of INTC stock opened at $21.48 on Friday. Intel has a fifty-two week low of $20.42 and a fifty-two week high of $51.28. 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 quick ratio of 1.14 and a current ratio of 1.57. The stock’s 50-day simple moving average is $31.35 and its 200-day simple moving average is $36.85.

Intel Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Slow Capital Inc. grew its holdings in Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares in the last quarter. Altus Wealth Group LLC grew its holdings in Intel by 29.4% in the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares in the last quarter. Brookstone Capital Management grew its holdings in Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares in the last quarter. Finally, Callan Capital LLC grew its holdings in Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after buying an additional 1,474 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

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.