MCF Advisors LLC Has $896,000 Holdings in Intel Co. (NASDAQ:INTC)

MCF Advisors LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 13.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 28,935 shares of the chip maker’s stock after selling 4,365 shares during the period. MCF Advisors LLC’s holdings in Intel were worth $896,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Orion Portfolio Solutions LLC boosted its stake in shares of Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares in the last quarter. Brookstone Capital Management boosted its position in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares during the period. Trexquant Investment LP grew its holdings in Intel by 69.0% during the 4th quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock worth $3,574,000 after acquiring an additional 29,040 shares during the last quarter. NBC Securities Inc. increased its position in Intel by 2.6% in the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after acquiring an additional 418 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Intel during the fourth quarter valued at $501,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTC. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. TD Cowen cut their price objective on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Morgan Stanley reduced 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. Finally, Barclays dropped their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Six research 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 stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $32.04.

Intel Stock Performance

Shares of Intel stock opened at $19.40 on Friday. The business’s fifty day simple moving average is $26.41 and its 200 day simple moving average is $32.76. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.84 and a 12 month high of $51.28. The firm has a market capitalization of $82.59 billion, a P/E ratio of 20.21 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its 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 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%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. As a group, analysts anticipate that Intel Co. will post -0.46 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Intel Company 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.