Intel Co. (NASDAQ:INTC) Shares Acquired by Foundation Resource Management Inc.

Foundation Resource Management Inc. boosted its holdings in Intel Co. (NASDAQ:INTC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 538,675 shares of the chip maker’s stock after acquiring an additional 14,046 shares during the period. Intel comprises about 3.0% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Foundation Resource Management Inc.’s holdings in Intel were worth $18,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in INTC. Lumature Wealth Partners LLC raised its holdings in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after buying an additional 490 shares during the last quarter. Quilter Plc bought a new position in Intel in the 1st quarter valued at about $869,868,000. Mach 1 Financial Group LLC acquired a new stake in shares of Intel in the 1st quarter worth approximately $14,880,000. Aspire Private Capital LLC acquired a new position in shares of Intel during the first quarter valued at approximately $31,446,116,000. Finally, Venturi Wealth Management LLC acquired a new stake in Intel in the first quarter worth approximately $32,000. 60.84% of the stock is owned by institutional investors.

Intel Trading Down 3.6 %

Shares of NASDAQ INTC traded down $1.38 during mid-day trading on Tuesday, hitting $36.61. 16,866,370 shares of the stock were exchanged, compared to its average volume of 42,972,184. Intel Co. has a twelve month low of $24.59 and a twelve month high of $40.07. The stock’s fifty day simple moving average is $35.00 and its two-hundred day simple moving average is $32.28. 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 released its quarterly earnings results on Thursday, July 27th. The chip maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.37%. Intel’s payout ratio is -227.26%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Intel from $40.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, July 28th. Needham & Company LLC raised their price objective on shares of Intel from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Thursday, July 27th. Stifel Nicolaus raised their price objective on Intel from $28.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Susquehanna boosted their target price on Intel from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Six research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.55.

Insider Buying and Selling

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

Intel Company 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.