Fairscale Capital LLC Takes Position in Intel Co. (NASDAQ:INTC)

Fairscale Capital LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,818 shares of the chip maker’s stock, valued at approximately $165,000.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its stake in Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after purchasing an additional 247 shares in the last quarter. Summit Financial Strategies Inc. lifted its stake in Intel by 3.7% during the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock worth $371,000 after acquiring an additional 265 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in Intel by 5.5% during the 4th quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock valued at $261,000 after acquiring an additional 270 shares during the period. Copperwynd Financial LLC grew its position in Intel by 0.6% in the 4th quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock valued at $2,283,000 after acquiring an additional 273 shares in the last quarter. Finally, Adirondack Trust Co. increased its stake in Intel by 0.5% during the first quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock worth $2,287,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their price target 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 issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $32.04.

Intel Stock Up 3.3 %

INTC stock opened at $21.84 on Friday. The company has a market cap of $92.97 billion, a price-to-earnings ratio of 22.75 and a beta of 1.03. The company has a fifty day moving average price of $23.67 and a 200 day moving average price of $30.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last announced its 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 return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the company posted ($0.05) EPS. Intel’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts expect 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. Shareholders of record on Wednesday, August 7th were paid 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 2.29%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Intel 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.