Affinity Capital Advisors LLC Boosts Position in Intel Co. (NASDAQ:INTC)

Affinity Capital Advisors LLC increased its stake in Intel Co. (NASDAQ:INTC) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,717 shares of the chip maker’s stock after purchasing an additional 1,982 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Intel were worth $345,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of INTC. America First Investment Advisors LLC bought a new position in Intel during the 2nd quarter valued at about $25,000. Tributary Capital Management LLC purchased a new position in Intel during the first quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the 2nd quarter worth about $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Intel during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction 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 approximately $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on INTC. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, August 2nd. Finally, Roth Mkm dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.96.

Intel Trading Down 0.9 %

NASDAQ INTC opened at $22.38 on Tuesday. The company has a market cap of $95.27 billion, a price-to-earnings ratio of 23.31 and a beta of 1.03. The business has a 50 day moving average price of $21.64 and a 200-day moving average price of $29.35. 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 Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last announced 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). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

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.