Regal Investment Advisors LLC Raises Stake in Intel Co. (NASDAQ:INTC)

Regal Investment Advisors LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 46.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,791 shares of the chip maker’s stock after purchasing an additional 6,642 shares during the quarter. Regal Investment Advisors LLC’s holdings in Intel were worth $644,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. William B. Walkup & Associates Inc. purchased a new position in Intel in the second quarter valued at about $2,178,000. Brookstone Capital Management increased its stake in 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 purchasing an additional 27,274 shares in the last quarter. NBC Securities Inc. raised its holdings in Intel by 2.6% during the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after purchasing an additional 418 shares during the last quarter. Red Mountain Financial LLC purchased a new stake in Intel during the fourth quarter worth $859,000. Finally, Cetera Investment Advisers grew its holdings in Intel by 262.9% in the first quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock valued at $34,768,000 after purchasing an additional 570,249 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTC shares. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Northland Securities reduced their price target on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. UBS Group reduced their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial cut their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.04.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

NASDAQ INTC opened at $22.69 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm has a market capitalization of $96.59 billion, a P/E ratio of 23.64 and a beta of 1.03. The business’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $29.77.

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 analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 2.20%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.