Blair William & Co. IL Has $12.26 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Blair William & Co. IL decreased its stake in Intel Co. (NASDAQ:INTC) by 3.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 395,900 shares of the chip maker’s stock after selling 14,288 shares during the quarter. Blair William & Co. IL’s holdings in Intel were worth $12,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the 4th quarter valued at $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter valued at $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Intel in the first quarter worth $36,000. Finally, America First Investment Advisors LLC purchased a new position in shares of Intel during the second quarter valued at $25,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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 price 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 approximately $765,576. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wedbush reduced their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note 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. Susquehanna cut their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Intel from $35.00 to $26.00 and set an “underweight” 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 assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $32.04.

Intel Price Performance

Shares of NASDAQ:INTC opened at $21.14 on Friday. 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 business has a 50 day moving average price of $23.92 and a 200 day moving average price of $31.15. The company has a market cap of $89.99 billion, a price-to-earnings ratio of 22.02 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last announced 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 company had revenue of $12.80 billion during 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 company’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. Research analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 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.