American Investment Services Inc. Has $1.11 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

American Investment Services Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 59.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,833 shares of the chip maker’s stock after selling 53,541 shares during the quarter. American Investment Services Inc.’s holdings in Intel were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel in the 1st quarter valued at about $36,000. America First Investment Advisors LLC bought a new position in Intel during the second quarter worth about $25,000. Finally, Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Intel Stock Up 3.3 %

Shares of NASDAQ INTC opened at $21.84 on Monday. 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. The company’s 50 day moving average price is $23.67 and its 200-day moving average price is $30.80. The company has a market capitalization of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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). The business had revenue of $12.80 billion during 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%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share. Equities analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group cut their price objective on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, August 2nd. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.04.

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.