Lavaca Capital LLC Has $365,000 Position in Intel Co. (NASDAQ:INTC)

Lavaca Capital LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,796 shares of the chip maker’s stock after purchasing an additional 530 shares during the quarter. Lavaca Capital LLC’s holdings in Intel were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new stake in Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the first quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel during the first quarter worth about $36,000. America First Investment Advisors LLC bought a new stake in shares of Intel during the second quarter worth about $25,000. Finally, Richardson Financial Services Inc. bought a new position in Intel in the 4th quarter valued at about $46,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $21.84 on Friday. The business’s fifty day moving average is $23.67 and its 200 day moving average is $30.90. The firm 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 debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly 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 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 quarter in the prior year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Research analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued 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 payout ratio is currently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their price objective on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a research note on Monday, September 16th. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley dropped their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.04.

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.