Alpha Family Trust Trims Position in Intel Co. (NASDAQ:INTC)

Alpha Family Trust lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 24.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,765 shares of the chip maker’s stock after selling 6,410 shares during the period. Alpha Family Trust’s holdings in Intel were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of INTC. DDFG Inc acquired a new stake in shares of Intel during the 4th quarter worth about $205,000. Gryphon Financial Partners LLC increased its position in shares of Intel by 8.2% during the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after purchasing an additional 1,601 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Intel by 3.0% during the 4th quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock worth $26,837,000 after purchasing an additional 15,796 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Intel during the 4th quarter worth about $501,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of Intel by 110.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 5,250 shares of the chip maker’s stock worth $264,000 after purchasing an additional 2,760 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Mizuho downgraded Intel from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $22.00 in a research report on Thursday, August 8th. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, UBS Group dropped their target price on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.04.

Intel Trading Up 6.4 %

NASDAQ:INTC opened at $20.91 on Tuesday. The firm has a market cap of $89.41 billion, a P/E ratio of 21.78 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $24.71 and its 200-day simple moving average is $31.45. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $12.80 billion during 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 company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. Equities analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.39%. Intel’s dividend payout ratio is currently 52.08%.

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.