2 weeks Ago By ABMN Staff
Aviso Wealth Management acquired a new position in shares of Intel Co. ( NASDAQ:INTC – Free Report ) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,342 shares of the chip maker’s stock, valued at approximately $320,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. DDFG Inc bought a new position in Intel in the 4th quarter worth about $205,000. Gryphon Financial Partners LLC grew its position in Intel by 8.
2% in the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after purchasing an additional 1,601 shares during the last quarter. Evoke Wealth LLC grew its position in Intel by 42.
7% in the 4th quarter. Evoke Wealth LLC now owns 24,524 shares of the chip maker’s stock worth $1,232,000 after purchasing an additional 7,340 shares during the last quarter. California State Teachers Retirement System grew its position in Intel by 1.
3% in the 4th quarter. California State Teachers Retirement System now owns 6,812,221 shares of the chip maker’s stock worth $342,314,000 after purchasing an additional 84,186 shares during the last quarter. Finally, Summit Financial Strategies Inc.
grew its position in Intel by 3.7% in the 4th quarter. Summit Financial Strategies Inc.
now owns 7,385 shares of the chip maker’s stock worth $371,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.
Insiders Place Their Bets In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was bought 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 in the company, valued at $765,576.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Insiders own 0.04% of the company’s stock.
Intel Stock Down 0.0 % Intel ( NASDAQ:INTC – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.
02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08).
The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion.
Intel had a net margin of 1.77% and a return on equity of 1.78%.
The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.
05) EPS. As a group, research analysts expect that Intel Co. will post -0.
47 earnings per share for the current year. Intel Announces Dividend The company also recently declared 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 was Wednesday, August 7th. This represents a $0.
50 annualized dividend and a dividend yield of 2.09%. Intel’s dividend payout ratio (DPR) is presently 52.
08%. Wall Street Analyst Weigh In Several research firms have commented on INTC. Rosenblatt Securities restated a “sell” rating and issued a $17.
00 target price on shares of Intel in a research report on Friday, August 2nd. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $35.00 to $23.
00 in a research report on Friday, August 2nd. Susquehanna decreased their price objective on shares of Intel from $35.00 to $26.
00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm decreased their price objective on shares of Intel from $35.00 to $25.
00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th.
Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.04.
View Our Latest Stock Analysis on INTC About Intel ( 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.
Further Reading Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter ..
