Intel Co. (NASDAQ:INTC) Shares Acquired by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,089 shares of the chip maker’s stock after buying an additional 4,797 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Intel were worth $3,812,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Intel by 5.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 594,294 shares of the chip maker’s stock worth $18,405,000 after acquiring an additional 32,913 shares during the last quarter. SPC Financial Inc. boosted its position in shares of Intel by 17.5% during the second quarter. SPC Financial Inc. now owns 18,556 shares of the chip maker’s stock worth $575,000 after buying an additional 2,763 shares during the period. Old North State Trust LLC grew its stake in shares of Intel by 10.0% in the second quarter. Old North State Trust LLC now owns 24,185 shares of the chip maker’s stock valued at $749,000 after buying an additional 2,200 shares in the last quarter. Brown Shipley& Co Ltd raised its holdings in shares of Intel by 7.0% in the 2nd quarter. Brown Shipley& Co Ltd now owns 220,320 shares of the chip maker’s stock valued at $6,823,000 after buying an additional 14,378 shares during the period. Finally, Gateway Wealth Partners LLC boosted its holdings in Intel by 162.6% during the 2nd quarter. Gateway Wealth Partners LLC now owns 18,754 shares of the chip maker’s stock valued at $581,000 after acquiring an additional 11,613 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 3.3 %

NASDAQ INTC opened at $22.69 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The firm has a 50-day moving average price of $22.18 and a 200 day moving average price of $29.77. The stock has a market capitalization of $96.59 billion, a P/E ratio of 23.64 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last posted its quarterly 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). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the prior year, the business earned ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTC. Susquehanna cut their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Northland Securities cut their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Six research 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.04.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’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 completion of the acquisition, the chief executive officer now 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 available at the SEC website. Insiders own 0.04% of the company’s stock.

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.