Intel Co. (NASDAQ:INTC) Shares Sold by Northwest Capital Management Inc

Northwest Capital Management Inc reduced its position in Intel Co. (NASDAQ:INTC) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,661 shares of the chip maker’s stock after selling 1,330 shares during the period. Northwest Capital Management Inc’s holdings in Intel were worth $790,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost 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 of the company’s stock, valued at $765,576. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock opened at $23.32 on Wednesday. The stock has a fifty day moving average price of $21.47 and a 200 day moving average price of $29.21. The company has a current ratio of 1.59, a quick ratio of 1.24 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. The firm has a market capitalization of $99.27 billion, a P/E ratio of 24.29 and a beta of 1.03.

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

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.14%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INTC. The Goldman Sachs Group dropped their price target on Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. Northland Securities dropped their target price on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Truist Financial decreased their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $22.00 in a research report on Thursday, August 8th. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $31.96.

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.