Smith Thornton Advisors LLC Takes Position in Intel Co. (NASDAQ:INTC)

Smith Thornton Advisors LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,311 shares of the chip maker’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management increased its position in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares in the last quarter. NBC Securities Inc. increased its holdings in Intel by 2.6% during the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after purchasing an additional 418 shares in the last quarter. Red Mountain Financial LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $859,000. Cetera Investment Advisers lifted its holdings in shares of Intel by 262.9% in the first quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock valued at $34,768,000 after purchasing an additional 570,249 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in Intel by 16.0% during the second quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock worth $560,000 after buying an additional 2,492 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTC. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Daiwa America upgraded shares of Intel to a “hold” rating in a report on Monday, August 26th. UBS Group decreased their price objective 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. Roth Mkm cut their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Wedbush reduced their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 1.6 %

Shares of INTC stock opened at $23.92 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company’s fifty day simple moving average is $22.76 and its two-hundred day simple moving average is $30.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The stock has a market capitalization of $101.83 billion, a price-to-earnings ratio of 24.92 and a beta of 1.03.

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 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 company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Buying and Selling

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

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.