Boston Research & Management Inc. Purchases 4,205 Shares of Intel Co. (NASDAQ:INTC)

Boston Research & Management Inc. increased its position in Intel Co. (NASDAQ:INTC) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,754 shares of the chip maker’s stock after purchasing an additional 4,205 shares during the period. Boston Research & Management Inc.’s holdings in Intel were worth $3,894,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new stake in Intel in the 4th quarter valued at $27,000. Burkett Financial Services LLC purchased a new position in Intel during the 4th quarter worth $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter valued at about $27,000. Finally, Spartan Fund Management Inc. purchased a new position in Intel during the second quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $21.84 on Friday. The company has a market capitalization of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. 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 stock has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $30.98.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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). Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the company earned ($0.05) EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Analyst Upgrades and Downgrades

Several research firms have commented on INTC. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Barclays decreased their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report 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 issued a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $32.04.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

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.