Intel Co. (NASDAQ:INTC) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lessened its position in Intel Co. (NASDAQ:INTC) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,065 shares of the chip maker’s stock after selling 2,391 shares during the period. Court Place Advisors LLC’s holdings in Intel were worth $1,831,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in shares of Intel by 15.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 52,636 shares of the chip maker’s stock valued at $2,325,000 after buying an additional 7,006 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Intel by 5.0% during the first quarter. Hodges Capital Management Inc. now owns 33,490 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 1,602 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Intel by 46.3% in the first quarter. MCF Advisors LLC now owns 33,300 shares of the chip maker’s stock worth $1,471,000 after buying an additional 10,536 shares during the period. Finally, Vicus Capital boosted its stake in Intel by 39.5% in the 1st quarter. Vicus Capital now owns 13,674 shares of the chip maker’s stock worth $604,000 after purchasing an additional 3,872 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 3.0 %

INTC traded up $0.68 on Friday, hitting $23.02. The company had a trading volume of 11,811,448 shares, compared to its average volume of 58,320,164. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The firm has a market capitalization of $98.00 billion, a P/E ratio of 23.27 and a beta of 1.03. The stock has a fifty day simple moving average of $21.55 and a 200-day simple moving average of $27.67. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 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 the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. As a group, equities analysts expect that Intel Co. will post -0.47 EPS for the current fiscal 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 paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on INTC shares. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Morgan Stanley lowered their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Six investment 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’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $31.92.

About Intel

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.