Intel (NASDAQ:INTC) PT Lowered to $40.00 at Susquehanna Bancshares

Intel (NASDAQ:INTCGet Rating) had its price objective dropped by equities research analysts at Susquehanna Bancshares from $42.00 to $40.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the chip maker’s stock. Susquehanna Bancshares’ target price indicates a potential downside of 1.38% from the company’s previous close.

INTC has been the topic of a number of other research reports. Barclays cut their price objective on shares of Intel from $45.00 to $40.00 and set an “underweight” rating on the stock in a research report on Monday, July 11th. Susquehanna cut their price objective on shares of Intel from $42.00 to $40.00 in a research report on Tuesday. Wedbush reissued an “underperform” rating and issued a $45.00 price objective on shares of Intel in a research report on Thursday, April 21st. Credit Suisse Group set a $60.00 target price on shares of Intel in a report on Friday, April 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of Intel from $40.00 to $30.00 in a report on Friday, July 15th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.28.

Intel Stock Performance

Shares of INTC opened at $40.56 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. Intel has a twelve month low of $35.54 and a twelve month high of $56.54. The firm’s 50 day moving average price is $40.00 and its two-hundred day moving average price is $45.56. The firm has a market cap of $165.85 billion, a P/E ratio of 6.74, a PEG ratio of 1.49 and a beta of 0.67.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.40 billion for the quarter, compared to analyst estimates of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, analysts forecast that Intel will post 3.47 EPS for the current fiscal year.

Insider Activity

In other news, CFO David Zinsner acquired 5,500 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average price of $44.73 per share, with a total value of $246,015.00. Following the completion of the purchase, the chief financial officer now directly owns 8,803 shares of the company’s stock, valued at approximately $393,758.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Lansing Street Advisors acquired a new stake in Intel during the 1st quarter valued at approximately $28,000. Lloyd Advisory Services LLC. increased its position in Intel by 2,835.0% during the 1st quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 567 shares during the period. Landmark Wealth Management LLC acquired a new stake in Intel during the 1st quarter valued at approximately $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Intel by 64.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after purchasing an additional 256 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Intel during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 62.74% of the company’s stock.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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