Intel Co. (NASDAQ:INTC) Shares Sold by RW Investment Management LLC

RW Investment Management LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 26.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,376 shares of the chip maker’s stock after selling 3,643 shares during the quarter. RW Investment Management LLC’s holdings in Intel were worth $321,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Johnson Financial Group Inc. raised 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 valued at $288,000 after buying an additional 247 shares in the last quarter. Summit Financial Strategies Inc. raised its position in shares of Intel by 3.7% during the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 265 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Intel by 5.5% during the fourth quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock worth $261,000 after purchasing an additional 270 shares during the last quarter. Copperwynd Financial LLC boosted its holdings in Intel by 0.6% in the fourth quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock worth $2,283,000 after purchasing an additional 273 shares during the period. Finally, Adirondack Trust Co. boosted its holdings in Intel by 0.5% in 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. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INTC shares. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, August 2nd. Cantor Fitzgerald lowered their target price on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm cut their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. Six investment 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 company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $32.04.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.84 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $23.67 and a two-hundred day moving average of $30.90. The company 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 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 business had revenue of $12.80 billion for 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%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. As a group, analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now 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 is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

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.