Intel Co. (NASDAQ:INTC) Stock Position Decreased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,023 shares of the chip maker’s stock after selling 6,139 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Intel were worth $1,085,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of Intel during the 4th quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter valued at $27,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel in the first quarter valued at $36,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $46,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 0.5 %

INTC stock opened at $18.98 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a 50-day moving average of $25.69 and a two-hundred day moving average of $32.09. The stock has a market capitalization of $81.16 billion, a price-to-earnings ratio of 19.77 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly 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 net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Insider Activity at Intel

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTC. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Morgan Stanley dropped their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, August 2nd. Finally, Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. Six equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.04.

About Intel

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.