1 week Ago By ABMN Staff
Private Advisor Group LLC lifted its position in Intel Co. ( NASDAQ:INTC – Free Report ) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 478,900 shares of the chip maker’s stock after buying an additional 28,840 shares during the quarter. Private Advisor Group LLC’s holdings in Intel were worth $14,832,000 as of its most recent filing with the SEC. Several other large investors have also made changes to their positions in the company.
New York Life Investment Management LLC grew its stake in shares of Intel by 1.0% in the 2nd quarter. New York Life Investment Management LLC now owns 659,040 shares of the chip maker’s stock valued at $20,410,000 after buying an additional 6,375 shares in the last quarter.
Wellington Shields Capital Management LLC grew its stake in shares of Intel by 7.4% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 14,616 shares of the chip maker’s stock valued at $453,000 after buying an additional 1,008 shares in the last quarter.
Jeppson Wealth Management LLC grew its stake in shares of Intel by 5.0% in the 2nd quarter. Jeppson Wealth Management LLC now owns 23,770 shares of the chip maker’s stock valued at $736,000 after buying an additional 1,125 shares in the last quarter.
Arizona State Retirement System lifted its holdings in Intel by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 1,234,093 shares of the chip maker’s stock worth $38,220,000 after purchasing an additional 24,242 shares during the last quarter.
Finally, Denver PWM LLC acquired a new stake in Intel in the 2nd quarter worth approximately $96,000. Institutional investors own 64.53% of the company’s stock.
Analyst Ratings Changes Several equities research analysts recently weighed in on the company. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $35.00 to $23.
00 in a report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. StockNews.
com lowered Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Intel from $38.
00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. 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’s stock.
Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.04. Insider Transactions at Intel In other Intel news, CEO Patrick P.
Gelsinger bought 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $20.16 per share, for a total transaction of $252,000.
00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink .
Company insiders own 0.04% of the company’s stock. Intel Stock Performance Shares of NASDAQ:INTC opened at $18.
89 on Friday. The business’s fifty day moving average price is $26.17 and its two-hundred day moving average price is $32.
51. Intel Co. has a fifty-two week low of $18.
64 and a fifty-two week high of $51.28. The stock has a market capitalization of $80.
41 billion, a price-to-earnings ratio of 19.68 and a beta of 1.05.
The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.
24. Intel ( NASDAQ:INTC – Get Free Report ) last announced 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).
The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion.
Intel had a net margin of 1.77% and a return on equity of 1.78%.
The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned ($0.
05) earnings per share. As a group, analysts predict that Intel Co. will post -0.
46 EPS for the current fiscal year. Intel Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.
125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.
65%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 52.
08%. Intel Company Profile ( 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 .
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