Highland Capital Management LLC Grows Position in Intel Co. (NASDAQ:INTC)

Highland Capital Management LLC raised its position in Intel Co. (NASDAQ:INTC) by 7.6% during the third quarter, HoldingsChannel.com reports. The firm owned 14,187 shares of the chip maker’s stock after buying an additional 1,000 shares during the quarter. Highland Capital Management LLC’s holdings in Intel were worth $333,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tributary Capital Management LLC acquired a new stake in shares of Intel in the first quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Intel in the first quarter valued at about $36,000. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at about $27,000. Finally, Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter valued at about $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. This 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 available through this link. 0.04% of the stock is owned by company insiders.

Intel Stock Up 1.5 %

Shares of Intel stock opened at $22.68 on Monday. The business’s fifty day moving average price is $21.62 and its two-hundred day moving average price is $27.38. 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 company has a market capitalization of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last announced its 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). The business had revenue of $12.80 billion for 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 revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, research analysts forecast 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. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is currently 217.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wedbush lowered their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Mizuho lowered Intel from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Argus lowered Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Six investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.80.

Intel 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.