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

Isthmus Partners LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 203,846 shares of the chip maker’s stock after selling 1,926 shares during the period. Isthmus Partners LLC’s holdings in Intel were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the 1st quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel in the 1st quarter valued at about $36,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $46,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. TD Cowen reduced their price target on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Benchmark lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.04.

Intel Stock Down 2.6 %

Shares of Intel stock traded down $0.51 on Friday, hitting $18.89. The company had a trading volume of 92,686,460 shares, compared to its average volume of 54,464,078. The stock has a 50 day moving average of $26.17 and a 200-day moving average of $32.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a 1 year low of $18.64 and a 1 year 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.

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 1.78% 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. As a group, sell-side analysts forecast that Intel Co. will post -0.46 earnings per share for the current 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 $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.65%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, with a total value 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

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.