Intel Co. (NASDAQ:INTC) Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its position in Intel Co. (NASDAQ:INTC) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,368 shares of the chip maker’s stock after selling 3,148 shares during the quarter. Rathbones Group PLC’s holdings in Intel were worth $4,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. DDFG Inc acquired a new position in shares of Intel during the 4th quarter valued at $205,000. Gryphon Financial Partners LLC lifted its stake in shares of Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after purchasing an additional 1,601 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Intel by 11.1% in the fourth quarter. Panagora Asset Management Inc. now owns 77,091 shares of the chip maker’s stock worth $3,874,000 after buying an additional 7,701 shares during the period. Brown Advisory Inc. grew its stake in shares of Intel by 3.0% in the fourth quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock valued at $26,837,000 after buying an additional 15,796 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Intel in the fourth quarter valued at about $501,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INTC shares. Barclays reduced their target price 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. UBS Group decreased their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Northland Securities dropped their target price on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Benchmark cut Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald lowered their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Stock Up 1.5 %

INTC stock opened at $19.66 on Monday. The stock has a market cap of $84.07 billion, a PE ratio of 20.48 and a beta of 1.03. The firm’s 50-day simple moving average is $24.98 and its 200 day simple moving average is $31.60. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. 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 posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm 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%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) EPS. As a group, sell-side analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.54%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

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.