Intel Co. (NASDAQ:INTC) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,345 shares of the chip maker’s stock after purchasing an additional 4,874 shares during the period. Copperwynd Financial LLC’s holdings in Intel were worth $1,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management grew its holdings in Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Intel by 2.6% during the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after purchasing an additional 418 shares in the last quarter. Red Mountain Financial LLC acquired a new stake in Intel in the fourth quarter worth about $859,000. Cetera Investment Advisers grew its position in Intel by 262.9% in the 1st quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock valued at $34,768,000 after buying an additional 570,249 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in Intel by 16.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock valued at $560,000 after buying an additional 2,492 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.0 %

NASDAQ INTC opened at $23.91 on Friday. 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 Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm’s fifty day simple moving average is $22.58 and its 200-day simple moving average is $30.14. The company has a market capitalization of $101.78 billion, a PE ratio of 24.91 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its 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). The firm had revenue of $12.80 billion during 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 business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Ratings Changes

Several research analysts have recently issued reports on INTC shares. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. The Goldman Sachs Group decreased 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. Morgan Stanley dropped their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Susquehanna decreased 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, Mizuho cut shares of Intel from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $22.00 in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $32.04.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

About Intel

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.