Home Federal Bank of Tennessee Lowers Stake in Intel Co. (NASDAQ:INTC)

Home Federal Bank of Tennessee decreased its holdings in Intel Co. (NASDAQ:INTC) by 6.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,458 shares of the chip maker’s stock after selling 1,324 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Intel were worth $433,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth $25,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in Intel in the second quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the second quarter worth about $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ INTC traded down $0.35 during trading hours on Tuesday, reaching $22.49. 7,548,047 shares of the company were exchanged, compared to its average volume of 58,487,730. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The business’s 50 day simple moving average is $21.47 and its 200-day simple moving average is $27.82. The stock has a market capitalization of $95.74 billion, a P/E ratio of 23.79 and a beta of 1.03. 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 (NASDAQ:INTC) last issued its quarterly earnings data 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). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the company posted ($0.05) EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INTC shares. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Barclays cut their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.92.

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.