Kathmere Capital Management LLC Sells 3,417 Shares of Intel Co. (NASDAQ:INTC)

Kathmere Capital Management LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 27.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,957 shares of the chip maker’s stock after selling 3,417 shares during the quarter. Kathmere Capital Management LLC’s holdings in Intel were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. DDFG Inc bought a new position in shares of Intel during the fourth quarter valued at $205,000. Gryphon Financial Partners LLC lifted its holdings in shares of Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after purchasing an additional 1,601 shares in the last quarter. Evoke Wealth LLC lifted its holdings in shares of Intel by 42.7% during the fourth quarter. Evoke Wealth LLC now owns 24,524 shares of the chip maker’s stock valued at $1,232,000 after purchasing an additional 7,340 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Intel by 1.3% during the fourth quarter. California State Teachers Retirement System now owns 6,812,221 shares of the chip maker’s stock valued at $342,314,000 after purchasing an additional 84,186 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its position in Intel by 3.7% during the fourth quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 265 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Daiwa America upgraded Intel to a “hold” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Morgan Stanley reduced their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, UBS Group reduced their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.04.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost 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 in the company, valued at approximately $765,576. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Down 0.0 %

Shares of INTC stock opened at $23.91 on Friday. The stock has a market cap of $101.78 billion, a P/E ratio of 24.91 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $22.58 and its two-hundred day simple moving average is $30.14.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

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

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.