Bordeaux Wealth Advisors LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Bordeaux Wealth Advisors LLC increased its position in Intel Co. (NASDAQ:INTC) by 23.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,016 shares of the chip maker’s stock after buying an additional 3,652 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Intel were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Nicholas Hoffman & Company LLC. lifted its stake in shares of Intel by 40.0% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 22,217 shares of the chip maker’s stock valued at $688,000 after purchasing an additional 6,349 shares in the last quarter. Foster & Motley Inc. increased its position in Intel by 7.9% during the 2nd quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock worth $212,000 after purchasing an additional 500 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Intel by 3.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 18,136 shares of the chip maker’s stock valued at $562,000 after buying an additional 689 shares during the period. TD Asset Management Inc lifted its position in Intel by 2.9% during the second quarter. TD Asset Management Inc now owns 2,164,825 shares of the chip maker’s stock valued at $67,045,000 after buying an additional 61,267 shares in the last quarter. Finally, FineMark National Bank & Trust grew its stake in Intel by 23.0% during the second quarter. FineMark National Bank & Trust now owns 14,906 shares of the chip maker’s stock worth $462,000 after buying an additional 2,789 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock opened at $19.40 on Friday. The firm has a market cap of $82.59 billion, a P/E ratio of 20.21 and a beta of 1.05. The stock’s 50 day simple moving average is $26.41 and its 200 day simple moving average is $32.76. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12-month low of $18.84 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its 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). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts predict that Intel Co. will post -0.46 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.58%. Intel’s payout ratio is currently 52.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reduced their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wedbush decreased their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Benchmark downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $32.04.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was acquired 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 of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

Intel Company 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.