Koss Olinger Consulting LLC Invests $615,000 in Intel Co. (NASDAQ:INTC)

Koss Olinger Consulting LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,870 shares of the chip maker’s stock, valued at approximately $615,000.

A number of other hedge funds also recently bought and sold shares of INTC. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at about $27,000. Burkett Financial Services LLC purchased a new position in shares of Intel in the fourth quarter worth approximately $27,000. Tributary Capital Management LLC bought a new stake in Intel during the first quarter valued at approximately $27,000. Spartan Fund Management Inc. purchased a new stake in Intel during the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new position in Intel in the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel Price Performance

INTC stock opened at $18.89 on Monday. Intel Co. has a 52 week low of $18.64 and a 52 week high of $51.28. The firm has a market capitalization of $80.77 billion, a P/E ratio of 19.68 and a beta of 1.03. The company has a fifty day simple moving average of $26.17 and a two-hundred day simple moving average of $32.43. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

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

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 dividend on an annualized basis and a yield of 2.65%. Intel’s dividend payout ratio is presently 52.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INTC shares. Morgan Stanley reduced their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, UBS Group lowered their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.04.

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.