Intel Co. (NASDAQ:INTC) Shares Sold by BBR Partners LLC

BBR Partners LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 22.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 39,783 shares of the chip maker’s stock after selling 11,313 shares during the period. BBR Partners LLC’s holdings in Intel were worth $1,232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bordeaux Wealth Advisors LLC increased its stake in shares of Intel by 23.8% during the 2nd quarter. Bordeaux Wealth Advisors LLC now owns 19,016 shares of the chip maker’s stock valued at $589,000 after acquiring an additional 3,652 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Intel by 40.0% in the second quarter. Nicholas Hoffman & Company LLC. now owns 22,217 shares of the chip maker’s stock worth $688,000 after acquiring an additional 6,349 shares during the last quarter. Foster & Motley Inc. grew its holdings in Intel by 7.9% in the second quarter. Foster & Motley Inc. now owns 6,851 shares of the chip maker’s stock valued at $212,000 after purchasing an additional 500 shares during the period. Deseret Mutual Benefit Administrators increased its position in Intel by 3.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 18,136 shares of the chip maker’s stock worth $562,000 after purchasing an additional 689 shares during the last quarter. Finally, TD Asset Management Inc raised its stake 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 worth $67,045,000 after purchasing an additional 61,267 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. TD Cowen dropped their price objective on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Wolfe Research raised shares of Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Stock Down 0.2 %

NASDAQ:INTC opened at $19.40 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market capitalization of $82.59 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. Intel Co. has a one year low of $18.84 and a one year high of $51.28. The stock has a 50-day simple moving average of $26.41 and a 200 day simple moving average of $32.76.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business 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 firm earned ($0.05) EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side 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. Shareholders of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.58%. 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.