Exchange Traded Concepts LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Exchange Traded Concepts LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,415 shares of the chip maker’s stock after purchasing an additional 60,074 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Intel were worth $6,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter worth $25,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the 1st quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter worth about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Intel in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction 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 acquisition, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Trading Up 1.5 %

NASDAQ:INTC opened at $23.56 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $21.12 and a 200-day moving average price of $28.67. The stock has a market cap of $100.29 billion, a price-to-earnings ratio of 24.54 and a beta of 1.03.

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

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued 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 2.12%. Intel’s dividend payout ratio (DPR) is 52.08%.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Wedbush decreased their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays cut their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Mizuho cut Intel from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $22.00 in a report on Thursday, August 8th. Finally, Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $31.96.

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.