DCF Advisers LLC Purchases 18,750 Shares of Intel Co. (NASDAQ:INTC)

DCF Advisers LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 100.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,500 shares of the chip maker’s stock after purchasing an additional 18,750 shares during the quarter. DCF Advisers LLC’s holdings in Intel were worth $1,161,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of INTC. Sprucegrove Investment Management Ltd. lifted its position in Intel by 16.0% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 583,944 shares of the chip maker’s stock valued at $18,085,000 after acquiring an additional 80,700 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Intel by 135.4% during the second quarter. Bridges Investment Management Inc. now owns 25,778 shares of the chip maker’s stock valued at $798,000 after purchasing an additional 14,828 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Intel by 201.1% during the second quarter. Canada Pension Plan Investment Board now owns 3,351,421 shares of the chip maker’s stock valued at $103,794,000 after buying an additional 2,238,254 shares during the last quarter. Joseph Group Capital Management increased its holdings in Intel by 24.8% in the 2nd quarter. Joseph Group Capital Management now owns 45,066 shares of the chip maker’s stock worth $1,396,000 after buying an additional 8,942 shares in the last quarter. Finally, Brighton Jones LLC raised its position in Intel by 3.9% in the 2nd quarter. Brighton Jones LLC now owns 172,185 shares of the chip maker’s stock worth $5,333,000 after buying an additional 6,404 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $21.14 on Friday. The stock has a 50-day moving average price of $23.92 and a 200 day moving average price of $31.15. The stock has a market capitalization of $89.99 billion, a P/E ratio of 22.02 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. 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 (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (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 analysts’ expectations of $12.92 billion. During the same period last year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

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 yield of 2.37%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were purchased 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 owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INTC shares. Susquehanna dropped their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on Intel from $29.00 to $22.00 and set a “sell” rating for the company 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.04.

Intel 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.