Waldron Private Wealth LLC Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Waldron Private Wealth LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,098 shares of the chip maker’s stock after selling 805 shares during the quarter. Waldron Private Wealth LLC’s holdings in Intel were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTC. America First Investment Advisors LLC bought a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. Tributary Capital Management LLC bought a new stake in shares of Intel during the first quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the second quarter valued at $27,000. Spartan Fund Management Inc. purchased a new position in Intel in the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new stake in Intel during the 2nd quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 1.9 %

Intel stock opened at $22.40 on Wednesday. The business’s 50-day simple moving average is $21.51 and its two-hundred day simple moving average is $27.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market cap of $95.36 billion, a PE ratio of 23.33 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly 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 business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the company posted ($0.05) EPS. Intel’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.23%. Intel’s dividend payout ratio is presently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $22.00 in a research note on Thursday, August 8th. Finally, Wedbush cut their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.92.

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.