Quent Capital LLC Has $318,000 Holdings in Intel Co. (NASDAQ:INTC)

Quent Capital LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 17.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,254 shares of the chip maker’s stock after selling 2,193 shares during the quarter. Quent Capital LLC’s holdings in Intel were worth $318,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Intel during the fourth quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD raised its position in shares of Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after purchasing an additional 31,575,084 shares during the period. Capital International Investors raised its position in shares of Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. California Public Employees Retirement System raised its position in shares of Intel by 102.6% during the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after purchasing an additional 8,140,835 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Intel by 44.8% during the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock worth $952,139,000 after purchasing an additional 6,673,086 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on INTC shares. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday. TD Cowen decreased their price target on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.92.

Intel Trading Down 1.4 %

INTC traded down $0.28 on Tuesday, hitting $19.83. 106,500,528 shares of the company were exchanged, compared to its average volume of 51,055,516. The firm has a fifty day simple moving average of $31.14 and a two-hundred day simple moving average of $36.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 12 month low of $19.29 and a 12 month high of $51.28. The stock has a market capitalization of $84.42 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Intel’s revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that Intel Co. will post 0.07 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.52%. Intel’s dividend payout ratio is currently 52.08%.

Intel 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.