2 weeks Ago By Defense World Staff
CMG Global Holdings LLC lessened its position in shares of Intel Co. ( NASDAQ:INTC – Free Report ) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 9,102 shares of the chip maker’s stock after selling 804 shares during the quarter. CMG Global Holdings LLC’s holdings in Intel were worth $282,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC.
Regal Investment Advisors LLC increased its position in shares of Intel by 46.9% in the second quarter. Regal Investment Advisors LLC now owns 20,791 shares of the chip maker’s stock valued at $644,000 after buying an additional 6,642 shares in the last quarter.
Quarry LP acquired a new stake in Intel in the 2nd quarter valued at $81,000. William B. Walkup & Associates Inc.
purchased a new stake in Intel in the 2nd quarter worth $2,178,000. Sunbelt Securities Inc. increased its holdings in Intel by 180.
4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after acquiring an additional 2,174 shares in the last quarter.
Finally, Northwestern Mutual Wealth Management Co. raised its position in Intel by 9.5% during the second quarter.
Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock worth $9,488,000 after acquiring an additional 26,663 shares during the period. Hedge funds and other institutional investors own 64.
53% of the company’s stock. Intel Price Performance Shares of INTC opened at $23.91 on Monday.
The company has a market cap of $101.78 billion, a P/E ratio of 24.91 and a beta of 1.
03. Intel Co. has a fifty-two week low of $18.
51 and a fifty-two week high of $51.28. The company has a quick ratio of 1.
24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.
The firm’s 50 day moving average price is $22.58 and its 200 day moving average price is $30.05.
Intel Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.125 dividend.
The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.
09%. Intel’s dividend payout ratio (DPR) is 52.08%.
Insider Buying and Selling In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.
16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576.
The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website . 0.04% of the stock is owned by insiders.
Analysts Set New Price Targets A number of analysts have recently commented on the stock. Cantor Fitzgerald cut their target price on shares of Intel from $40.00 to $27.
00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. UBS Group lowered their price target on shares of Intel from $37.00 to $32.
00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Daiwa America upgraded shares of Intel to a “hold” rating in a report on Monday, August 26th. Barclays lowered their target price on Intel from $40.
00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Northland Securities cut their price target on Intel from $68.
00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company’s stock.
According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $32.04. Get Our Latest Stock Report 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. Featured Articles Five stocks we like better than Intel What is a support level? Watch These 3 Former Short-Squeeze Stocks for a Big Rally What is the FTSE 100 index? Simon Property REIT: A Safe Bet for Growth and Steady Dividends How the NYSE and NASDAQ are Different, Why That Matters to Investors CarMax’s Impressive Rally: What Investors Should Watch Next 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.
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