Bard Financial Services Inc. Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Bard Financial Services Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,085 shares of the chip maker’s stock after selling 9,391 shares during the period. Bard Financial Services Inc.’s holdings in Intel were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in Intel during the 1st quarter valued at $32,000. Milestone Investment Advisors LLC purchased a new stake in Intel during the 1st quarter valued at $32,000. Kepos Capital LP purchased a new stake in Intel during the 4th quarter valued at $38,000. Ruedi Wealth Management Inc. purchased a new stake in Intel during the 4th quarter valued at $40,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Intel during the 1st quarter valued at $41,000. 60.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 3,850 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average price of $34.63 per share, with a total value of $133,325.50. Following the completion of the acquisition, the chief executive officer now directly owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Patrick P. Gelsinger bought 3,250 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $35.87 per share, with a total value of $116,577.50. Following the completion of the acquisition, the chief executive officer now directly owns 139,715 shares of the company’s stock, valued at approximately $5,011,577.05. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger purchased 3,850 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average cost of $34.63 per share, with a total value of $133,325.50. Following the completion of the acquisition, the chief executive officer now directly owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Intel from $32.00 to $38.00 and gave the company a “hold” rating in a report on Friday, July 28th. Barclays upped their price objective on Intel from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. JPMorgan Chase & Co. upped their price objective on Intel from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, July 28th. Truist Financial upped their price objective on Intel from $32.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Morgan Stanley cut their price objective on Intel from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, July 28th. Six investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.55.

Intel Trading Down 2.0 %

Intel stock opened at $37.88 on Friday. The stock has a 50-day moving average of $35.00 and a two-hundred day moving average of $32.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.60. Intel Co. has a one year low of $24.59 and a one year high of $40.07. The stock has a market cap of $158.64 billion, a PE ratio of -172.17 and a beta of 0.89.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.14. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. The company had revenue of $12.95 billion during the quarter, compared to analysts’ expectations of $12.03 billion. On average, research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, August 4th. Intel’s dividend payout ratio (DPR) is -227.26%.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.