Intel Co. (NASDAQ:INTC) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTCFree Report) by 9.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 26,085 shares of the chip maker’s stock after selling 2,735 shares during the period. Atomi Financial Group Inc.’s holdings in Intel were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in INTC. Johnson Financial Group Inc. increased its holdings in shares of Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after buying an additional 247 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Intel by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,974 shares of the chip maker’s stock valued at $250,000 after purchasing an additional 249 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Intel by 2.2% in the fourth quarter. Enterprise Financial Services Corp now owns 11,461 shares of the chip maker’s stock valued at $576,000 after buying an additional 251 shares during the period. Summit Financial Strategies Inc. raised its holdings in Intel by 3.7% in the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock valued at $371,000 after buying an additional 265 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in Intel by 5.5% during the 4th quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock worth $261,000 after buying an additional 270 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Cantor Fitzgerald lowered their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. TD Cowen decreased their price objective on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Morgan Stanley dropped their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Finally, Roth Mkm dropped their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.04.

View Our Latest Research Report on Intel

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost 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 of the company’s stock, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock traded down $0.07 during midday trading on Wednesday, reaching $20.00. The stock had a trading volume of 2,338,083 shares, compared to its average volume of 52,524,250. The firm has a market capitalization of $85.14 billion, a PE ratio of 20.91, a P/E/G ratio of 17.38 and a beta of 1.05. Intel Co. has a 12 month low of $18.84 and a 12 month high of $51.28. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $27.85 and its 200 day moving average price is $33.76.

Intel (NASDAQ:INTCGet Free Report) last released 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). Intel had a net margin of 1.77% and a return on equity of 1.82%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts predict that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. Intel’s dividend payout ratio is presently 52.08%.

Intel Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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