Intel Co. (NASDAQ:INTC) Shares Bought by Ballast Inc.

Ballast Inc. raised its position in Intel Co. (NASDAQ:INTC) by 10.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,851 shares of the chip maker’s stock after acquiring an additional 3,228 shares during the period. Ballast Inc.’s holdings in Intel were worth $794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new stake in Intel in the second quarter valued at about $25,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in Intel in the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the second quarter valued at $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.92.

Intel Stock Up 0.6 %

Shares of NASDAQ:INTC opened at $22.44 on Friday. The stock has a 50-day simple moving average of $21.34 and a 200-day simple moving average of $28.29. The stock has a market capitalization of $95.53 billion, a P/E ratio of 23.38 and a beta of 1.03. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. 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 (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 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 business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Intel’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated 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 in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Company 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.