Legacy Financial Advisors Inc. Increases Position in Intel Co. (NASDAQ:INTC)

Legacy Financial Advisors Inc. increased its holdings in Intel Co. (NASDAQ:INTC) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,811 shares of the chip maker’s stock after purchasing an additional 3,708 shares during the period. Legacy Financial Advisors Inc.’s holdings in Intel were worth $954,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Northland Securities decreased their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Barclays cut their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. UBS Group decreased their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research 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 on the stock in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 3.3 %

Shares of INTC opened at $21.84 on Friday. The stock’s 50-day moving average price is $23.67 and its 200 day moving average price is $30.98. The company has a quick ratio of 1.24, a current ratio of 1.59 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. The firm has a market capitalization of $92.97 billion, a price-to-earnings ratio of 22.75 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 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. As a group, research analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.29%. 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.