Werlinich Asset Management LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

Werlinich Asset Management LLC increased its position in Intel Co. (NASDAQ:INTC) by 38.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,550 shares of the chip maker’s stock after purchasing an additional 16,725 shares during the quarter. Werlinich Asset Management LLC’s holdings in Intel were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new position in Intel during the second quarter worth $27,000. Spartan Fund Management Inc. bought a new position in Intel during the second quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel in the second quarter worth $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INTC. Roth Mkm reduced their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Susquehanna cut their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Finally, HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a report 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. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $31.96.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, with a total value 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 $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Stock Performance

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

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. Intel’s dividend payout ratio (DPR) is presently 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.