Intel Co. (NASDAQ:INTC) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.1% in the second quarter, HoldingsChannel reports. The firm owned 123,089 shares of the chip maker’s stock after acquiring an additional 4,797 shares during the period. Dana Investment Advisors Inc.’s holdings in Intel were worth $3,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth $25,000. Tributary Capital Management LLC acquired a new position in Intel in the 1st quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new position in Intel in the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel during the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel during the second quarter worth about $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on INTC shares. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, Northland Securities decreased their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.04.

Intel Price Performance

NASDAQ INTC opened at $22.69 on Wednesday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a market cap of $96.59 billion, a price-to-earnings ratio of 23.64 and a beta of 1.03. The company has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $29.77. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. Intel’s revenue was down .8% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.20%. Intel’s dividend payout ratio (DPR) is 52.08%.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.