Intel Co. (NASDAQ:INTC) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 0.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 110,822 shares of the chip maker’s stock after selling 453 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Intel were worth $3,706,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in INTC. Illinois Municipal Retirement Fund lifted its stake in Intel by 30.1% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 378,413 shares of the chip maker’s stock valued at $12,654,000 after acquiring an additional 87,626 shares during the period. Psagot Value Holdings Ltd. Israel lifted its position in Intel by 43.7% during the first quarter. Psagot Value Holdings Ltd. Israel now owns 4,456 shares of the chip maker’s stock valued at $142,000 after purchasing an additional 1,356 shares during the period. Mechanics Financial Corp boosted its holdings in Intel by 13.5% in the second quarter. Mechanics Financial Corp now owns 8,682 shares of the chip maker’s stock valued at $290,000 after purchasing an additional 1,032 shares during the last quarter. Birchcreek Wealth Management LLC grew its position in Intel by 5.4% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 29,512 shares of the chip maker’s stock worth $987,000 after purchasing an additional 1,525 shares during the period. Finally, MV Capital Management Inc. raised its stake in shares of Intel by 7.0% during the 2nd quarter. MV Capital Management Inc. now owns 7,326 shares of the chip maker’s stock valued at $245,000 after buying an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Intel Trading Up 1.1 %

Shares of Intel stock traded up $0.46 on Friday, reaching $43.81. The company had a trading volume of 49,749,721 shares, compared to its average volume of 42,165,434. The firm’s 50 day moving average price is $36.71 and its two-hundred day moving average price is $34.31. The firm has a market cap of $184.70 billion, a PE ratio of -109.53, a PEG ratio of 15.13 and a beta of 0.88. Intel Co. has a 52-week low of $24.73 and a 52-week high of $43.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.53.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.20. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $13.57 billion. Intel had a negative net margin of 3.11% and a positive return on equity of 0.49%. The business’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Sell-side analysts predict that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, November 6th. Intel’s dividend payout ratio (DPR) is -125.00%.

Analysts Set New Price Targets

Several research firms recently commented on INTC. Northland Securities raised their target price on Intel from $45.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Morgan Stanley increased their price target on shares of Intel from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Tigress Financial lowered their price target on Intel from $72.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. HSBC raised Intel from a “reduce” rating to a “hold” rating and upped their target price for the stock from $27.00 to $33.00 in a research note on Friday, October 27th. Finally, Barclays boosted their price target on shares of Intel from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.53.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 6,775 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average price of $36.80 per share, for a total transaction of $249,320.00. Following the completion of the acquisition, the chief executive officer now owns 25,475 shares of the company’s stock, valued at approximately $937,480. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

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.