Intel Co. (NASDAQ:INTC) Shares Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC raised its position in Intel Co. (NASDAQ:INTC) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,874 shares of the chip maker’s stock after purchasing an additional 5,963 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Intel were worth $1,514,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth about $27,000. Burkett Financial Services LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel in the 1st quarter worth approximately $27,000. Triad Wealth Partners LLC purchased a new position in shares of Intel during the 2nd quarter worth approximately $33,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Intel during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 6.1 %

NASDAQ:INTC traded down $1.31 during midday trading on Thursday, hitting $20.10. 81,280,543 shares of the company were exchanged, compared to its average volume of 52,719,859. Intel Co. has a fifty-two week low of $18.84 and a fifty-two week high of $51.28. The company has a market capitalization of $85.57 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. 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 company has a fifty day simple moving average of $28.48 and a 200 day simple moving average of $34.35.

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). The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. As a group, equities analysts anticipate that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark cut shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.04.

Insiders Place Their Bets

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