STF Management LP Has $2.08 Million Stake in Intel Co. (NASDAQ:INTC)

STF Management LP reduced its holdings in Intel Co. (NASDAQ:INTC) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,071 shares of the chip maker’s stock after selling 3,321 shares during the quarter. Intel makes up approximately 0.9% of STF Management LP’s holdings, making the stock its 29th largest holding. STF Management LP’s holdings in Intel were worth $2,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new position in Intel during the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter valued at about $27,000. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel during the first quarter worth approximately $27,000. Finally, Spartan Fund Management Inc. acquired a new position in Intel in the second quarter valued at approximately $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on INTC. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Barclays dropped their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and cut their price target for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, Susquehanna decreased their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Stock Performance

Shares of INTC stock opened at $19.66 on Monday. The company has a market capitalization of $84.07 billion, a price-to-earnings ratio of 20.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a 50-day simple moving average of $24.98 and a 200 day simple moving average of $31.60.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. On average, sell-side analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.54%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

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 stock was bought at an average cost 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 $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

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.