Intel Co. (NASDAQ:INTC) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 27.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,854 shares of the chip maker’s stock after selling 6,649 shares during the period. Oakworth Capital Inc.’s holdings in Intel were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in INTC. America First Investment Advisors LLC purchased a new position in shares of Intel during the 2nd quarter worth approximately $25,000. Tributary Capital Management LLC purchased a new position in shares of Intel during the 1st quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 0.9 %

INTC opened at $22.64 on Tuesday. The business’s 50-day simple moving average is $21.47 and its 200-day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The stock has a market capitalization of $96.38 billion, a P/E ratio of 23.79 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted 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). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company 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 2.21%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Northland Securities lowered their target price on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. 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, Intel currently has an average rating of “Hold” and a consensus target price of $31.92.

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.