Beddow Capital Management Inc. Purchases 4,140 Shares of Intel Co. (NASDAQ:INTC)

Beddow Capital Management Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 3.0% during the 2nd quarter, Holdings Channel reports. The firm owned 142,050 shares of the chip maker’s stock after acquiring an additional 4,140 shares during the period. Intel comprises 1.9% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Beddow Capital Management Inc.’s holdings in Intel were worth $4,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Intel by 330.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,643 shares of the chip maker’s stock valued at $2,467,000 after purchasing an additional 61,139 shares during the period. Legacy Financial Advisors Inc. grew its stake in shares of Intel by 13.7% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 30,811 shares of the chip maker’s stock worth $954,000 after buying an additional 3,708 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Intel by 0.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 2,530,230 shares of the chip maker’s stock worth $78,361,000 after buying an additional 13,525 shares in the last quarter. Sompo Asset Management Co. Ltd. grew its stake in shares of Intel by 9.8% in the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 165,975 shares of the chip maker’s stock worth $5,140,000 after buying an additional 14,870 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Intel by 45.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 87,673 shares of the chip maker’s stock worth $2,715,000 after buying an additional 27,506 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 3.3 %

NASDAQ:INTC opened at $21.84 on Friday. The firm has a market capitalization of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company’s fifty day moving average price is $23.67 and its 200-day moving average price is $30.98. 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 (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, equities research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.29%. Intel’s dividend payout ratio is presently 52.08%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Susquehanna dropped their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. UBS Group dropped their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group dropped their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. HSBC cut shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Benchmark cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Six investment 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.com, the company has an average rating of “Hold” and a consensus target price of $32.04.

Insider Activity at Intel

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

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.