Sienna Gestion Acquires 5,598 Shares of Intel Co. (NASDAQ:INTC)

Sienna Gestion boosted its holdings in Intel Co. (NASDAQ:INTC) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,757 shares of the chip maker’s stock after purchasing an additional 5,598 shares during the period. Sienna Gestion’s holdings in Intel were worth $8,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at about $25,000. Frazier Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel during the 1st quarter worth approximately $27,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. The Goldman Sachs Group dropped their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley reduced their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.04.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased 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 directly owns 37,975 shares in the company, valued at approximately $765,576. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Stock Down 3.3 %

INTC stock opened at $20.77 on Thursday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The business has a 50-day simple moving average of $24.17 and a 200 day simple moving average of $31.22. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The company has a market cap of $88.42 billion, a PE ratio of 21.64 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm 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%. Intel’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Sell-side analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.41%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.