Intel Co. (NASDAQ:INTC) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,243 shares of the chip maker’s stock after selling 18,979 shares during the period. Signaturefd LLC’s holdings in Intel were worth $968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Brookstone Capital Management boosted its position in Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Intel by 15.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 52,636 shares of the chip maker’s stock valued at $2,325,000 after acquiring an additional 7,006 shares during the last quarter. Procyon Advisors LLC increased its holdings in Intel by 2.8% during the 1st quarter. Procyon Advisors LLC now owns 61,221 shares of the chip maker’s stock valued at $2,704,000 after acquiring an additional 1,651 shares in the last quarter. Thrive Wealth Management LLC raised its position in Intel by 8.2% during the first quarter. Thrive Wealth Management LLC now owns 12,147 shares of the chip maker’s stock worth $537,000 after acquiring an additional 921 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of Intel by 3.5% in the first quarter. 180 Wealth Advisors LLC now owns 39,613 shares of the chip maker’s stock valued at $1,750,000 after purchasing an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTC shares. Barclays reduced their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, August 2nd. Finally, Wedbush reduced their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.92.

Intel Stock Down 1.9 %

Shares of Intel stock opened at $21.98 on Thursday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a market cap of $93.57 billion, a price-to-earnings ratio of 22.90 and a beta of 1.03. 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 company has a fifty day moving average price of $21.55 and a 200 day moving average price of $27.67.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the company earned ($0.05) EPS. Intel’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.27%. Intel’s dividend payout ratio is currently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.