Greenline Partners LLC Grows Position in Intel Co. (NASDAQ:INTC)

Greenline Partners LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,379 shares of the chip maker’s stock after purchasing an additional 6,776 shares during the quarter. Greenline Partners LLC’s holdings in Intel were worth $2,263,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter worth approximately $25,000. Burkett Financial Services LLC bought a new position in shares of Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in shares of Intel in the first quarter worth $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel in the second quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. UBS Group cut their price objective 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. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Susquehanna cut their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Roth Mkm decreased their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.04.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC stock opened at $21.84 on Friday. The firm has a market cap of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. The firm’s fifty day moving average is $23.67 and its 200 day moving average is $30.90. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

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 analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.29%. Intel’s payout ratio 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.