Intel Co. (NASDAQ:INTC) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,733 shares of the chip maker’s stock after selling 8,088 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Intel were worth $5,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Janiczek Wealth Management LLC raised its holdings in Intel by 17.3% during the 2nd quarter. Janiczek Wealth Management LLC now owns 10,378 shares of the chip maker’s stock worth $347,000 after buying an additional 1,529 shares during the period. Kathmere Capital Management LLC acquired a new stake in Intel during the 2nd quarter worth about $313,000. Flagship Harbor Advisors LLC raised its holdings in Intel by 6.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 27,795 shares of the chip maker’s stock worth $929,000 after buying an additional 1,620 shares during the period. Good Life Advisors LLC increased its holdings in shares of Intel by 35.9% in the 2nd quarter. Good Life Advisors LLC now owns 19,226 shares of the chip maker’s stock valued at $643,000 after purchasing an additional 5,079 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in shares of Intel in the 2nd quarter valued at about $528,000. 60.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Intel from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Friday, July 28th. TD Cowen upped their target price on Intel from $31.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Stifel Nicolaus upped their target price on Intel from $28.00 to $32.00 and gave the company a “hold” rating in a report on Friday, July 28th. Mizuho upped their target price on Intel from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Finally, Susquehanna upped their target price on Intel from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Six analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $33.55.

Insider Buying and Selling

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

Intel Stock Performance

Shares of INTC traded down $0.79 during mid-day trading on Friday, hitting $37.88. The company’s stock had a trading volume of 68,881,240 shares, compared to its average volume of 43,218,934. The firm has a market capitalization of $158.64 billion, a PE ratio of -172.17 and a beta of 0.89. Intel Co. has a one year low of $24.59 and a one year high of $40.07. The stock’s 50-day moving average is $35.00 and its two-hundred day moving average is $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 (NASDAQ:INTC) last issued its earnings results on Thursday, July 27th. The chip maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.14. The firm had revenue of $12.95 billion during the quarter, compared to analysts’ expectations of $12.03 billion. Intel had a positive return on equity of 1.70% and a negative net margin of 1.71%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Intel Announces Dividend

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