Joseph Group Capital Management Boosts Stake in Intel Co. (NASDAQ:INTC)

Joseph Group Capital Management increased its position in shares of Intel Co. (NASDAQ:INTC) by 24.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,066 shares of the chip maker’s stock after buying an additional 8,942 shares during the quarter. Joseph Group Capital Management’s holdings in Intel were worth $1,396,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC purchased a new position in shares of Intel during the second quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new stake in Intel in the 4th quarter valued at $27,000. Burkett Financial Services LLC acquired a new stake in Intel during the 4th quarter worth $27,000. Tributary Capital Management LLC purchased a new position in Intel during the 1st quarter worth $27,000. Finally, Spartan Fund Management Inc. acquired a new position in Intel in the second quarter valued at $31,000. Institutional investors and hedge funds 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 stock in a transaction on 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 acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Hsbc Global Res lowered 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $32.04.

Intel Price Performance

Intel stock opened at $21.14 on Friday. 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 debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The firm’s 50-day moving average is $23.92 and its two-hundred day moving average is $31.15.

Intel (NASDAQ:INTC) last announced its earnings results 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). The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. Equities analysts predict that Intel Co. will post -0.47 earnings per share for the current 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 paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.37%. Intel’s payout ratio is currently 52.08%.

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.