Intel Co. (NASDAQ:INTC) Shares Acquired by Frisch Financial Group Inc.

Frisch Financial Group Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 138.0% in the second quarter, Holdings Channel reports. The firm owned 30,834 shares of the chip maker’s stock after buying an additional 17,878 shares during the quarter. Frisch Financial Group Inc.’s holdings in Intel were worth $955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of INTC. DDFG Inc acquired a new stake in shares of Intel in the 4th quarter worth $205,000. Gryphon Financial Partners LLC lifted its stake in shares of Intel by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after acquiring an additional 1,601 shares during the period. Brown Advisory Inc. lifted its stake in shares of Intel by 3.0% in the 4th quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock worth $26,837,000 after acquiring an additional 15,796 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Intel in the 4th quarter worth $501,000. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Intel by 110.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 5,250 shares of the chip maker’s stock worth $264,000 after acquiring an additional 2,760 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on INTC shares. New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley cut their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.04.

Intel Stock Performance

Shares of NASDAQ INTC opened at $20.91 on Tuesday. The company has a market cap of $89.41 billion, a PE ratio of 21.78 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 debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The company has a 50-day simple moving average of $24.71 and a 200-day simple moving average of $31.45.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, equities analysts anticipate that Intel Co. will post -0.47 earnings per share for the current 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 $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.39%. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a filing with the SEC, 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.