Koss Olinger Consulting LLC Purchases 775 Shares of Intel Co. (NASDAQ:INTC)

Koss Olinger Consulting LLC boosted its position in shares of Intel Co. (NASDAQ:INTC) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,645 shares of the chip maker’s stock after acquiring an additional 775 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Intel were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vest Financial LLC bought a new stake in Intel during the third quarter worth $410,000. CNB Bank raised its position in Intel by 29.4% during the third quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock worth $137,000 after acquiring an additional 1,327 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Intel by 6.0% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 433,573 shares of the chip maker’s stock worth $10,172,000 after acquiring an additional 24,423 shares in the last quarter. DMC Group LLC raised its position in Intel by 14.8% during the third quarter. DMC Group LLC now owns 39,412 shares of the chip maker’s stock worth $925,000 after acquiring an additional 5,090 shares in the last quarter. Finally, Bonness Enterprises Inc. raised its position in Intel by 7.6% during the third quarter. Bonness Enterprises Inc. now owns 141,150 shares of the chip maker’s stock worth $3,311,000 after acquiring an additional 10,000 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Roth Mkm dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Six equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.92.

Intel Trading Up 1.5 %

INTC opened at $22.77 on Monday. The company’s 50 day moving average is $21.40 and its 200-day moving average is $27.94. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The company has a market cap of $96.93 billion, a P/E ratio of 23.72 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. Equities research analysts predict that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.20%. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.