YHB Investment Advisors Inc. lowered its stake in Intel Co. (NASDAQ:INTC – Free Report) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,273 shares of the chip maker’s stock after selling 1,010 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Intel were worth $544,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc acquired a new position in Intel in the 2nd quarter worth $25,000. Your Advocates Ltd. LLP boosted its position in shares of Intel by 396.4% during the second quarter. Your Advocates Ltd. LLP now owns 819 shares of the chip maker’s stock worth $27,000 after buying an additional 654 shares during the period. Moser Wealth Advisors LLC bought a new position in shares of Intel during the second quarter worth about $31,000. Steward Financial Group LLC acquired a new stake in Intel in the 2nd quarter valued at approximately $31,000. Finally, Venturi Wealth Management LLC bought a new stake in Intel in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 60.84% of the company’s stock.
Analysts Set New Price Targets
INTC has been the topic of a number of recent research reports. Mizuho upgraded shares of Intel from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $50.00 in a report on Thursday. Barclays increased their price objective on shares of Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, July 28th. TD Cowen lifted their target price on Intel from $31.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Truist Financial boosted their price target on Intel from $32.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, July 28th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.53.
Intel Price Performance
Shares of NASDAQ INTC opened at $41.12 on Thursday. The stock has a market capitalization of $173.36 billion, a PE ratio of -101.52, a P/E/G ratio of 14.24 and a beta of 0.88. Intel Co. has a fifty-two week low of $24.73 and a fifty-two week high of $41.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 1.13. The business has a fifty day moving average price of $36.49 and a two-hundred day moving average price of $34.15.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $13.57 billion. Intel had a positive return on equity of 0.49% and a negative net margin of 3.11%. Intel’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Intel Co. will post 0.19 earnings per share for the current fiscal year.
Intel Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. Intel’s dividend payout ratio is -125.00%.
Insider Activity at Intel
In other Intel news, CEO Patrick P. Gelsinger bought 6,775 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average cost of $36.80 per share, for a total transaction of $249,320.00. Following the completion of the purchase, the chief executive officer now directly owns 25,475 shares of the company’s stock, valued at $937,480. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.
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.
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