Intel Co. (NASDAQ:INTC) Shares Sold by Bank of New Hampshire

Bank of New Hampshire cut its holdings in Intel Co. (NASDAQ:INTC) by 84.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165 shares of the chip maker’s stock after selling 6,536 shares during the quarter. Bank of New Hampshire’s holdings in Intel were worth $27,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. America First Investment Advisors LLC purchased a new stake in Intel during the 2nd quarter valued at approximately $25,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the first quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new position in Intel in the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel in the 2nd quarter valued at $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Barclays lowered their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Finally, Northland Securities cut their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research 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 given a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $31.96.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.04% of the stock is owned by company insiders.

Intel Stock Performance

NASDAQ:INTC opened at $22.38 on Tuesday. 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 firm has a market cap of $95.27 billion, a PE ratio of 23.31 and a beta of 1.03. The firm has a 50 day simple moving average of $21.64 and a 200-day simple moving average of $29.35. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $12.92 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

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.