Summit Trail Advisors LLC Has $2.72 Million Holdings in Intel Co. (NASDAQ:INTC)

Summit Trail Advisors LLC lifted its position in Intel Co. (NASDAQ:INTC) by 45.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,673 shares of the chip maker’s stock after buying an additional 27,506 shares during the quarter. Summit Trail Advisors LLC’s holdings in Intel were worth $2,715,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its stake in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after purchasing an additional 2,915 shares during the last quarter. Brookstone Capital Management raised its stake in shares of Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares in the last quarter. Trexquant Investment LP boosted its position in Intel by 69.0% during the fourth quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock worth $3,574,000 after purchasing an additional 29,040 shares during the period. NBC Securities Inc. lifted its stake in shares of Intel by 2.6% in the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after buying an additional 418 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Intel during the 4th quarter worth $501,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INTC. Barclays dropped their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Truist Financial cut their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. UBS Group reduced their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Susquehanna cut their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Cantor Fitzgerald lowered their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.04.

Intel Trading Up 3.3 %

INTC opened at $21.84 on Friday. The stock has a market capitalization of $92.97 billion, a price-to-earnings ratio of 22.75 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a 50-day simple moving average of $23.67 and a 200 day simple moving average of $30.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business 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%. Intel’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. Analysts predict that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

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

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.