Carnegie Funding Counsel decreased its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 78.1% within the third quarter, in response to its most up-to-date disclosure with the Securities and Alternate Fee. The fund owned 10,716 shares of the chip maker’s inventory after promoting 38,296 shares through the quarter. Carnegie Funding Counsel’s holdings in Intel have been value $251,000 as of its most up-to-date SEC submitting.
Quite a lot of different hedge funds have additionally added to or decreased their stakes within the enterprise. America First Funding Advisors LLC purchased a brand new stake in shares of Intel through the 2nd quarter value roughly $25,000. Tributary Capital Administration LLC purchased a brand new stake in Intel through the first quarter value $27,000. Cyrus J. Lawrence LLC acquired a brand new stake in Intel within the second quarter valued at $27,000. Spartan Fund Administration Inc. purchased a brand new place in shares of Intel within the 2nd quarter valued at about $31,000. Lastly, Monetary Connections Group Inc. acquired a brand new place in Intel through the second quarter value roughly $32,000. Institutional buyers personal 64.53% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of analysis companies have weighed in on INTC. Benchmark reissued a “maintain” ranking on shares of Intel in a report on Monday, September twenty third. Northland Securities decreased their value goal on Intel from $68.00 to $42.00 and set an “outperform” ranking for the corporate in a analysis word on Friday, August 2nd. Argus lower Intel from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, August sixth. Susquehanna decreased their goal value on shares of Intel from $35.00 to $26.00 and set a “impartial” ranking for the corporate in a analysis report on Friday, August 2nd. Lastly, Daiwa America upgraded Intel to a “maintain” ranking in a analysis word on Monday, August twenty sixth. Six equities analysis analysts have rated the inventory with a promote ranking, twenty-four have issued a maintain ranking and one has given a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, the corporate has a mean ranking of “Maintain” and a mean value goal of $31.96.
Learn Our Newest Evaluation on INTC
Intel Inventory Efficiency
Shares of INTC inventory opened at $22.66 on Wednesday. The agency has a 50 day shifting common of $21.24 and a 200-day shifting common of $28.37. The corporate has a market cap of $96.46 billion, a price-to-earnings ratio of 23.60 and a beta of 1.03. The corporate has a fast ratio of 1.24, a present ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a 52 week low of $18.51 and a 52 week excessive of $51.28.
Intel (NASDAQ:INTC – Get Free Report) final posted its quarterly earnings outcomes on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, lacking the consensus estimate of $0.10 by ($0.08). Intel had a internet margin of 1.77% and a return on fairness of 1.78%. The corporate had income of $12.80 billion through the quarter, in comparison with the consensus estimate of $12.92 billion. Throughout the identical interval final 12 months, the agency posted ($0.05) earnings per share. The corporate’s income for the quarter was down .8% on a year-over-year foundation. On common, equities analysts forecast that Intel Co. will publish -0.47 earnings per share for the present 12 months.
Intel Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of file on Wednesday, August seventh have been paid a $0.125 dividend. The ex-dividend date was Wednesday, August seventh. This represents a $0.50 dividend on an annualized foundation and a yield of two.21%. Intel’s dividend payout ratio (DPR) is presently 52.08%.
Insider Exercise
In different Intel information, CEO Patrick P. Gelsinger bought 12,500 shares of the agency’s inventory in a transaction on Monday, August fifth. The inventory was acquired at a mean value of $20.16 per share, for a complete transaction of $252,000.00. Following the acquisition, the chief govt officer now owns 37,975 shares of the corporate’s inventory, valued at $765,576. This commerce represents a 0.00 % improve of their place. The acquisition was disclosed in a submitting with the SEC, which may be accessed by means of this hyperlink. Company insiders personal 0.04% of the corporate’s inventory.
Intel Profile
Intel Company designs, develops, manufactures, markets, and sells computing and associated services and products worldwide. It operates by means of Shopper Computing Group, Information Middle and AI, Community and Edge, Mobileye, and Intel Foundry Providers segments. The corporate’s merchandise portfolio contains central processing models and chipsets, system-on-chips (SoCs), and multichip packages; cellular and desktop processors; {hardware} merchandise comprising graphics processing models (GPUs), domain-specific accelerators, and discipline programmable gate arrays (FPGAs); and reminiscence and storage, connectivity and networking, and different semiconductor merchandise.
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