Intel Co. (NASDAQ:INTC) Stock Position Reduced by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its stake in Intel Co. (NASDAQ:INTC) by 5.9% in the second quarter, Holdings Channel reports. The institutional investor owned 10,952 shares of the chip maker’s stock after selling 682 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Intel were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Burkett Financial Services LLC purchased a new stake in shares of Intel during the fourth quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in Intel in the 4th quarter worth about $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the 1st quarter worth about $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Intel during the 1st quarter valued at about $36,000. Finally, America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on INTC. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. UBS Group reduced their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.04.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction on 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 completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Intel Stock Up 1.5 %

Shares of INTC stock opened at $19.66 on Friday. The stock has a market cap of $84.07 billion, a P/E ratio of 20.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The stock has a fifty day moving average price of $24.98 and a 200 day moving average price of $31.68. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share 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 business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. Analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The business 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 of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.54%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.