GHP Funding Advisors Inc. trimmed its place in Intel Co. (NASDAQ:INTC – Free Report) by 5.9% within the second quarter, in keeping with its most up-to-date 13F submitting with the Securities and Trade Fee. The fund owned 10,952 shares of the chip maker’s inventory after promoting 682 shares throughout the quarter. GHP Funding Advisors Inc.’s holdings in Intel had been price $339,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different institutional buyers and hedge funds have additionally made adjustments to their positions in INTC. America First Funding Advisors LLC acquired a brand new stake in shares of Intel throughout the second quarter price $25,000. Frazier Monetary Advisors LLC purchased a brand new stake in shares of Intel throughout the 4th quarter valued at about $27,000. Burkett Monetary Companies LLC acquired a brand new stake in Intel throughout the fourth quarter price about $27,000. Tributary Capital Administration LLC purchased a brand new place in Intel within the first quarter price about $27,000. Lastly, Spartan Fund Administration Inc. acquired a brand new place in Intel within the second quarter valued at roughly $31,000. 64.53% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Worth Targets
A number of brokerages lately issued experiences on INTC. Susquehanna reduce their worth goal on Intel from $35.00 to $26.00 and set a “impartial” score on the inventory in a report on Friday, August 2nd. Truist Monetary reduce their goal worth on Intel from $33.00 to $25.00 and set a “maintain” score on the inventory in a analysis word on Friday, August 2nd. Raymond James lowered shares of Intel from an “outperform” score to a “market carry out” score in a analysis report on Friday, August 2nd. Northland Securities reduce their worth goal on shares of Intel from $68.00 to $42.00 and set an “outperform” score on the inventory in a analysis report on Friday, August 2nd. Lastly, The Goldman Sachs Group decreased their goal worth on shares of Intel from $29.00 to $22.00 and set a “promote” score for the corporate in a analysis report on Friday, August 2nd. Six analysts have rated the inventory with a promote score, twenty-four have issued a maintain score and one has issued a purchase score to the inventory. Based mostly on information from MarketBeat, Intel at present has a mean score of “Maintain” and a consensus goal worth of $32.04.
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Insider Transactions at Intel
In different information, CEO Patrick P. Gelsinger bought 12,500 shares of Intel inventory in a transaction that occurred on Monday, August fifth. The inventory was acquired at a mean worth of $20.16 per share, for a complete transaction of $252,000.00. Following the transaction, the chief government officer now owns 37,975 shares within the firm, valued at $765,576. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is on the market at this hyperlink. 0.04% of the inventory is at present owned by insiders.
Intel Worth Efficiency
NASDAQ INTC opened at $19.66 on Friday. Intel Co. has a 1 12 months low of $18.51 and a 1 12 months excessive of $51.28. The enterprise’s fifty day transferring common is $24.98 and its two-hundred day transferring common is $31.68. The inventory has a market capitalization of $84.07 billion, a P/E ratio of 20.48 and a beta of 1.03. The corporate has a debt-to-equity ratio of 0.40, a fast ratio of 1.24 and a present ratio of 1.59.
Intel (NASDAQ:INTC – Get Free Report) final introduced its earnings outcomes on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on fairness of 1.78% and a web margin of 1.77%. The corporate had income of $12.80 billion for the quarter, in comparison with analyst estimates of $12.92 billion. Throughout the identical interval final 12 months, the agency earned ($0.05) earnings per share. The agency’s income for the quarter was down .8% on a year-over-year foundation. On common, analysis analysts forecast that Intel Co. will publish -0.47 earnings per share for the present fiscal 12 months.
Intel Proclaims Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of report on Wednesday, August seventh had been issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of two.54%. The ex-dividend date was Wednesday, August seventh. Intel’s payout ratio is 52.08%.
About Intel
Intel Company designs, develops, manufactures, markets, and sells computing and associated services worldwide. It operates by means of Shopper Computing Group, Knowledge Middle and AI, Community and Edge, Mobileye, and Intel Foundry Companies segments. The corporate’s merchandise portfolio contains central processing items and chipsets, system-on-chips (SoCs), and multichip packages; cellular and desktop processors; {hardware} merchandise comprising graphics processing items (GPUs), domain-specific accelerators, and area programmable gate arrays (FPGAs); and reminiscence and storage, connectivity and networking, and different semiconductor merchandise.
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