KPP Advisory Services LLC Decreases Position in Intel Co. (NASDAQ:INTC)

KPP Advisory Services LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,366 shares of the chip maker’s stock after selling 2,394 shares during the period. KPP Advisory Services LLC’s holdings in Intel were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. America First Investment Advisors LLC purchased a new position in shares of Intel in the 2nd quarter valued at $25,000. Tributary Capital Management LLC purchased a new position in shares of Intel during the first quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the second quarter worth about $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 1.9 %

Shares of Intel stock opened at $23.46 on Tuesday. The company has a 50-day moving average of $22.38 and a two-hundred day moving average of $29.91. The stock has a market cap of $99.87 billion, a PE ratio of 24.44 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued 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 firm had revenue of $12.80 billion for 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 business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. On average, research analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.13%. Intel’s dividend payout ratio is presently 52.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group cut their price target on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Six 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.04.

Insider Activity at Intel

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