Epoch Investment Partners Inc. Has $2.02 Million Stock Position in Intel Co. (NASDAQ:INTC)

Epoch Investment Partners Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,330 shares of the chip maker’s stock after selling 5,139 shares during the period. Epoch Investment Partners Inc.’s holdings in Intel were worth $2,023,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. America First Investment Advisors LLC purchased a new position in shares of Intel during the second quarter valued at $25,000. Burkett Financial Services LLC purchased a new position in Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC acquired a new position in shares of Intel in the 1st quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel in the second quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on INTC shares. Susquehanna decreased their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, Roth Mkm lowered their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Six equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

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

Intel Price Performance

NASDAQ:INTC opened at $22.56 on Tuesday. 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 company has a 50-day moving average of $23.43 and a 200-day moving average of $30.64. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a market capitalization of $96.04 billion, a price-to-earnings ratio of 23.50 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced 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 the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, equities research analysts anticipate that Intel Co. will post -0.47 earnings per share 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 given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

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.