Garrison Point Advisors LLC Has $762,000 Stake in Intel Co. (NASDAQ:INTC)

Garrison Point Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,590 shares of the chip maker’s stock after selling 1,476 shares during the quarter. Garrison Point Advisors LLC’s holdings in Intel were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of INTC. Frazier Financial Advisors LLC bought a new stake in Intel in the 4th quarter worth about $27,000. Burkett Financial Services LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the first quarter valued at approximately $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel in the second quarter worth $32,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INTC shares. Northland Securities decreased their target price on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, August 2nd. Finally, Susquehanna decreased their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six 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 company. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $32.04.

Intel Price Performance

NASDAQ:INTC opened at $18.98 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market capitalization of $81.16 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03. The stock has a fifty day moving average of $25.69 and a 200 day moving average of $32.09.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. On average, research analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.63%. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.