Twelve Points Wealth Management LLC Purchases 7,920 Shares of Intel Co. (NASDAQ:INTC)

Twelve Points Wealth Management LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 45.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,302 shares of the chip maker’s stock after acquiring an additional 7,920 shares during the period. Twelve Points Wealth Management LLC’s holdings in Intel were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Intel by 105.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 4,251 shares of the chip maker’s stock valued at $100,000 after purchasing an additional 2,179 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in Intel by 9.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 70,855 shares of the chip maker’s stock valued at $1,662,000 after buying an additional 6,132 shares in the last quarter. Vontobel Holding Ltd. grew its position in Intel by 90.6% in the third quarter. Vontobel Holding Ltd. now owns 1,143,633 shares of the chip maker’s stock valued at $26,830,000 after acquiring an additional 543,598 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in Intel by 3.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 126,494 shares of the chip maker’s stock worth $2,968,000 after acquiring an additional 4,558 shares in the last quarter. Finally, Applied Capital LLC FL lifted its holdings in shares of Intel by 5.1% in the third quarter. Applied Capital LLC FL now owns 19,872 shares of the chip maker’s stock worth $466,000 after acquiring an additional 965 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 1.5 %

Shares of Intel stock opened at $22.31 on Thursday. The stock’s 50-day moving average is $21.30 and its 200 day moving average is $28.33. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The firm has a market cap of $94.97 billion, a price-to-earnings ratio of 23.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

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 analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Equities research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $20.16 per share, for a total transaction 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. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on INTC shares. Cantor Fitzgerald decreased their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Morgan Stanley lowered their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, UBS Group cut their price target on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.96.

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.