TFG Advisers LLC Has $235,000 Stake in Intel Co. (NASDAQ:INTC)

TFG Advisers LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,007 shares of the chip maker’s stock after selling 4,860 shares during the period. TFG Advisers LLC’s holdings in Intel were worth $235,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INTC. Guardian Capital Advisors LP grew its stake in shares of Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after buying an additional 328 shares during the last quarter. Valley National Advisers Inc. grew its position in Intel by 5.5% during the 1st quarter. Valley National Advisers Inc. now owns 6,304 shares of the chip maker’s stock worth $278,000 after acquiring an additional 330 shares during the last quarter. Richard C. Young & CO. LTD. increased its holdings in Intel by 0.9% in the 1st quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker’s stock worth $1,656,000 after purchasing an additional 338 shares in the last quarter. Key Financial Inc boosted its stake in shares of Intel by 4.1% during the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after purchasing an additional 340 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its holdings in shares of Intel by 5.0% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,151 shares of the chip maker’s stock worth $316,000 after purchasing an additional 342 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

INTC opened at $21.98 on Thursday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a market cap of $93.57 billion, a price-to-earnings ratio of 22.90 and a beta of 1.03. The company’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $27.67. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last posted its 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). The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.27%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Northland Securities dropped their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Barclays cut their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Monday, September 23rd. Finally, Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research note 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.92.

About Intel

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.