Intel Co. (NASDAQ:INTC) Stock Holdings Lowered by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lowered its position in shares of Intel Co. (NASDAQ:INTC) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 231,585 shares of the chip maker’s stock after selling 1,809 shares during the period. Intel accounts for 1.1% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 26th biggest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Intel were worth $5,433,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brookstone Capital Management grew its position in Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Intel by 15.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 52,636 shares of the chip maker’s stock valued at $2,325,000 after purchasing an additional 7,006 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of Intel by 5.0% during the 1st quarter. Hodges Capital Management Inc. now owns 33,490 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 1,602 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Intel by 46.3% during the 1st quarter. MCF Advisors LLC now owns 33,300 shares of the chip maker’s stock valued at $1,471,000 after purchasing an additional 10,536 shares in the last quarter. Finally, Vicus Capital boosted its position in shares of Intel by 39.5% during the 1st quarter. Vicus Capital now owns 13,674 shares of the chip maker’s stock valued at $604,000 after purchasing an additional 3,872 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTC shares. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Truist Financial reduced their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $31.92.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was purchased 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 directly owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Intel Trading Up 1.6 %

Shares of Intel stock opened at $22.34 on Friday. The company’s fifty day simple moving average is $21.55 and its 200-day simple moving average is $27.67. The company has a market cap of $95.10 billion, a price-to-earnings ratio of 23.27 and a beta of 1.03. 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 Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last announced 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). The company 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 previous year, the business posted ($0.05) EPS. As a group, sell-side analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company 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 of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.24%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.