Intel Co. (NASDAQ:INTC) Shares Bought by Holderness Investments Co.

Holderness Investments Co. lifted its position in Intel Co. (NASDAQ:INTC) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,804 shares of the chip maker’s stock after buying an additional 1,036 shares during the period. Holderness Investments Co.’s holdings in Intel were worth $2,472,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC acquired a new stake in Intel in the 4th quarter valued at about $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 1st quarter worth approximately $36,000. America First Investment Advisors LLC acquired a new stake in Intel during the second quarter valued at approximately $25,000. Finally, Richardson Financial Services Inc. bought a new stake in Intel during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on INTC. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Truist Financial decreased their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Friday, August 2nd. Finally, New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Six equities research 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Trading Up 3.3 %

NASDAQ:INTC opened at $21.84 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market capitalization of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. The stock’s 50 day moving average price is $23.67 and its 200 day moving average price is $30.90. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 1.77% and a return on equity of 1.78%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. On average, research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

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

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now directly 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 available at the SEC website. 0.04% of the stock is currently owned by insiders.

Intel 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.