Wulff Hansen & CO. Has $946,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Wulff Hansen & CO. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,532 shares of the chip maker’s stock after selling 6,915 shares during the quarter. Wulff Hansen & CO.’s holdings in Intel were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in Intel during the second quarter worth $25,000. Burkett Financial Services LLC bought a new position in Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in Intel during the second quarter worth about $27,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 3.3 %

NASDAQ:INTC opened at $22.56 on Tuesday. The stock has a market cap of $96.04 billion, a price-to-earnings ratio of 23.50 and a beta of 1.03. 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 stock has a 50-day moving average price of $23.43 and a two-hundred day moving average price of $30.64. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results 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). The business had revenue of $12.80 billion for 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%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) earnings per share. As a group, equities analysts expect 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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on INTC shares. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group lowered their target price on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Susquehanna decreased their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Company 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.