Diversified Trust Co Has $1.93 Million Stake in Intel Co. (NASDAQ:INTC)

Diversified Trust Co trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,346 shares of the chip maker’s stock after selling 26,736 shares during the quarter. Diversified Trust Co’s holdings in Intel were worth $1,932,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INTC. Azzad Asset Management Inc. ADV boosted its holdings in Intel by 2.9% during the third quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker’s stock valued at $833,000 after acquiring an additional 998 shares during the period. Melone Private Wealth LLC bought a new stake in Intel during the third quarter valued at about $242,000. Handelsbanken Fonder AB boosted its holdings in Intel by 0.5% during the third quarter. Handelsbanken Fonder AB now owns 1,573,894 shares of the chip maker’s stock valued at $36,924,000 after acquiring an additional 8,434 shares during the period. HBW Advisory Services LLC boosted its holdings in Intel by 8.6% during the third quarter. HBW Advisory Services LLC now owns 8,909 shares of the chip maker’s stock valued at $209,000 after acquiring an additional 704 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its holdings in Intel by 17.6% during the third quarter. Alpha Omega Wealth Management LLC now owns 142,441 shares of the chip maker’s stock valued at $3,342,000 after acquiring an additional 21,304 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC opened at $22.38 on Tuesday. The company has a market cap of $95.27 billion, a price-to-earnings ratio of 23.31 and a beta of 1.03. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $21.64 and its two-hundred day simple moving average is $29.35.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) 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 firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. Research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The company 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 of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.23%. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several research reports. Wedbush reduced their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, August 2nd. Finally, Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $31.96.

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.