Everpar Advisors LLC Raises Position in Intel Co. (NASDAQ:INTC)

Everpar Advisors LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,326 shares of the chip maker’s stock after acquiring an additional 504 shares during the quarter. Everpar Advisors LLC’s holdings in Intel were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth about $25,000. Tributary Capital Management LLC acquired a new position in shares of Intel in the first quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter worth about $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the second quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel in the second quarter worth about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note 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 note on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research note 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, Intel has an average rating of “Hold” and an average price target of $31.96.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought 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 directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $22.38 on Tuesday. The stock has a fifty day moving average price of $21.64 and a two-hundred day moving average price of $29.35. 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 firm has a market cap of $95.27 billion, a P/E ratio of 23.31 and a beta of 1.03. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last released 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 company 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%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. Research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.23%. Intel’s payout ratio is currently 52.08%.

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.