Intel Co. (NASDAQ:INTC) Shares Purchased by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 78.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,515 shares of the chip maker’s stock after acquiring an additional 4,618 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Intel were worth $326,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Greenwich Wealth Management LLC raised its stake in shares of Intel by 2.4% during the second quarter. Greenwich Wealth Management LLC now owns 64,155 shares of the chip maker’s stock valued at $1,987,000 after purchasing an additional 1,527 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in Intel during the 2nd quarter valued at about $35,000. Redwood Wealth Management Group LLC bought a new stake in shares of Intel during the 2nd quarter worth about $99,000. Stevard LLC lifted its stake in shares of Intel by 18.6% in the 2nd quarter. Stevard LLC now owns 9,572 shares of the chip maker’s stock worth $296,000 after acquiring an additional 1,500 shares during the period. Finally, Retirement Planning Co of New England Inc. boosted its holdings in shares of Intel by 4.3% in the second quarter. Retirement Planning Co of New England Inc. now owns 29,341 shares of the chip maker’s stock valued at $909,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 6.4 %

INTC stock opened at $20.91 on Tuesday. The company has a 50 day moving average of $24.71 and a two-hundred day moving average of $31.45. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a market cap of $89.41 billion, a price-to-earnings ratio of 21.78 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 net margin of 1.77% and a return on equity of 1.78%. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the business posted ($0.05) EPS. Intel’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed 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. This represents a $0.50 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Cantor Fitzgerald cut their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, TD Cowen lowered their price objective on shares of Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.04.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

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.