Intel Co. (NASDAQ:INTC) Holdings Trimmed by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,086 shares of the chip maker’s stock after selling 2,190 shares during the period. Great Valley Advisor Group Inc.’s holdings in Intel were worth $993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Tennessee Valley Asset Management Partners purchased a new position in shares of Intel during the 4th quarter valued at $117,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Intel by 54.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,335 shares of the chip maker’s stock valued at $369,000 after purchasing an additional 2,596 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in shares of Intel in the 4th quarter valued at $691,000. Dakota Wealth Management lifted its stake in shares of Intel by 7.5% in the 4th quarter. Dakota Wealth Management now owns 66,281 shares of the chip maker’s stock valued at $3,331,000 after purchasing an additional 4,628 shares during the last quarter. Finally, Keel Point LLC lifted its stake in shares of Intel by 18.4% in the 4th quarter. Keel Point LLC now owns 7,563 shares of the chip maker’s stock valued at $380,000 after purchasing an additional 1,178 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of INTC traded down $0.43 during mid-day trading on Wednesday, hitting $20.04. 33,345,641 shares of the company traded hands, compared to its average volume of 51,889,301. Intel Co. has a one year low of $18.84 and a one year high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $29.87 and a 200 day moving average of $35.33. The stock has a market capitalization of $85.31 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.82%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.50%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Benchmark lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Intel in a research report on Monday, May 13th. They set a “hold” rating and a $34.00 target price for the company. The Goldman Sachs Group cut their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, August 2nd. Finally, Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.04.

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.