Quent Capital LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Quent Capital LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 46.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,476 shares of the chip maker’s stock after selling 4,778 shares during the period. Quent Capital LLC’s holdings in Intel were worth $129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. America First Investment Advisors LLC purchased a new position in shares of Intel in the second quarter worth $25,000. Tributary Capital Management LLC purchased a new stake in Intel in the 1st quarter worth $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel in the second quarter worth about $32,000. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on INTC shares. Roth Mkm cut their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Finally, Argus lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. 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’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $31.96.

Intel Stock Performance

Shares of INTC stock opened at $22.59 on Friday. The company’s 50 day moving average is $21.64 and its 200 day moving average is $29.44. 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 firm has a market cap of $96.17 billion, a price-to-earnings ratio of 23.53 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter last year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. Intel’s payout ratio is 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was purchased 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 in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

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.