Marble Harbor Investment Counsel LLC Has $1.61 Million Holdings in Intel Co. (NASDAQ:INTC)

Marble Harbor Investment Counsel LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,124 shares of the chip maker’s stock after selling 1,150 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Intel were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of INTC. Fairfield Financial Advisors LTD bought a new stake in Intel during the 2nd quarter worth approximately $35,000. Redwood Wealth Management Group LLC bought a new stake in shares of Intel during the second quarter worth $99,000. Stevard LLC increased its stake in shares of Intel by 18.6% in the second quarter. Stevard LLC now owns 9,572 shares of the chip maker’s stock valued at $296,000 after buying an additional 1,500 shares in the last quarter. Retirement Planning Co of New England Inc. grew its holdings in Intel by 4.3% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 29,341 shares of the chip maker’s stock worth $909,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Mystic Asset Management Inc. increased its position in Intel by 4.4% in the 2nd quarter. Mystic Asset Management Inc. now owns 40,556 shares of the chip maker’s stock valued at $1,256,000 after acquiring an additional 1,726 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. TD Cowen cut their price target on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Finally, Mizuho cut shares of Intel from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $22.00 in a research report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

Shares of INTC stock opened at $19.66 on Monday. The company’s fifty day simple moving average is $24.98 and its 200-day simple moving average is $31.60. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The firm has a market cap of $84.07 billion, a PE ratio of 20.48 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. Equities research analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. 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 2.54%. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price 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 in the company, valued at approximately $765,576. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

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.