Mesirow Financial Investment Management Inc. Sells 1,430 Shares of Intel Co. (NASDAQ:INTC)

Mesirow Financial Investment Management Inc. trimmed its position in Intel Co. (NASDAQ:INTC) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 140,924 shares of the chip maker’s stock after selling 1,430 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Intel were worth $4,365,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of INTC. Vanguard Group Inc. raised its position in Intel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after purchasing an additional 3,310,528 shares during the last quarter. Capital International Investors raised its position in Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the last quarter. Primecap Management Co. CA raised its position in Intel by 0.6% during the 4th quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock worth $3,780,706,000 after purchasing an additional 475,636 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after purchasing an additional 2,457,243 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Intel by 7.3% during the 4th quarter. Wellington Management Group LLP now owns 37,080,015 shares of the chip maker’s stock worth $1,863,271,000 after purchasing an additional 2,515,978 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC stock opened at $20.91 on Tuesday. The company has a market capitalization of $89.41 billion, a P/E ratio of 21.78 and a beta of 1.03. 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 52-week low of $18.51 and a 52-week high of $51.28. The business has a 50-day simple moving average of $24.71 and a two-hundred day simple moving average of $31.45.

Intel (NASDAQ:INTC) last posted its 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). 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 the consensus estimate of $12.92 billion. During the same period in the prior year, the business earned ($0.05) EPS. Intel’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date 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%.

Analyst Ratings Changes

Several research analysts recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price target on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a report on Monday, August 26th. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased 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 $765,576. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 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.