Windward Capital Management Co. CA Decreases Stake in Intel Co. (NASDAQ:INTC)

Windward Capital Management Co. CA lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.4% in the 2nd quarter, Holdings Channel reports. The fund owned 58,589 shares of the chip maker’s stock after selling 2,715 shares during the quarter. Windward Capital Management Co. CA’s holdings in Intel were worth $1,815,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its holdings in Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares during the last quarter. Brookstone Capital Management increased its stake in Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares during the last quarter. Trexquant Investment LP raised its position in Intel by 69.0% in the fourth quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock valued at $3,574,000 after purchasing an additional 29,040 shares during the period. NBC Securities Inc. lifted its stake in shares of Intel by 2.6% in the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after purchasing an additional 418 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Intel during the 4th quarter worth $501,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. Susquehanna reduced their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Bank of America downgraded 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 note on Friday, August 2nd. Truist Financial lowered their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Wolfe Research upgraded Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Finally, Northland Securities lowered their price target on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has 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 $32.04.

Intel Stock Performance

Shares of INTC opened at $18.89 on Friday. 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 P/E ratio of 19.68 and a beta of 1.05. 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’s fifty day moving average is $26.17 and its two-hundred day moving average is $32.51.

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 firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post -0.46 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 dividend yield of 2.65%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company 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.