Brookstone Capital Administration raised its place in Intel Co. (NASDAQ:INTC – Free Report) by 18.9% through the third quarter, in response to its most up-to-date submitting with the SEC. The agency owned 52,075 shares of the chip maker’s inventory after buying an extra 8,282 shares through the interval. Brookstone Capital Administration’s holdings in Intel have been price $1,222,000 as of its most up-to-date submitting with the SEC.
Quite a lot of different institutional traders additionally not too long ago modified their holdings of INTC. America First Funding Advisors LLC purchased a brand new place in shares of Intel through the 2nd quarter price roughly $25,000. Tributary Capital Administration LLC purchased a brand new place in Intel through the first quarter price $27,000. Cyrus J. Lawrence LLC acquired a brand new stake in Intel within the second quarter price $27,000. Spartan Fund Administration Inc. purchased a brand new stake in Intel within the second quarter valued at $31,000. Lastly, Monetary Connections Group Inc. acquired a brand new place in shares of Intel through the second quarter valued at about $32,000. 64.53% of the inventory is owned by institutional traders.
Intel Buying and selling Up 1.5 %
Shares of Intel inventory opened at $23.56 on Friday. The inventory has a market capitalization of $100.74 billion, a P/E ratio of 102.44 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week excessive of $51.28. The corporate has a debt-to-equity ratio of 0.40, a fast ratio of 1.24 and a present ratio of 1.59. The inventory’s 50-day easy shifting common is $21.07 and its 200 day easy shifting common is $29.00.
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 (EPS) for the quarter, lacking the consensus estimate of $0.10 by ($0.08). The enterprise had income of $12.80 billion through the quarter, in comparison with the consensus estimate of $12.92 billion. Intel had a web margin of 1.77% and a return on fairness of 1.78%. The enterprise’s income for the quarter was down .8% on a year-over-year foundation. Throughout the identical interval final yr, the agency earned ($0.05) EPS. As a gaggle, analysis analysts anticipate that Intel Co. will put up -0.47 EPS for the present yr.
Intel Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of document on Wednesday, August seventh got a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of two.12%. The ex-dividend date of this dividend was Wednesday, August seventh. Intel’s dividend payout ratio (DPR) is presently 217.40%.
Insider Exercise at Intel
In different information, CEO Patrick P. Gelsinger bought 12,500 shares of the inventory in a transaction dated Monday, August fifth. The shares have been bought at a median value of $20.16 per share, with a complete worth of $252,000.00. Following the completion of the acquisition, the chief govt officer now owns 37,975 shares within the firm, valued at $765,576. This represents a 0.00 % enhance of their place. The transaction was disclosed in a submitting with the SEC, which is obtainable by way of this hyperlink. 0.04% of the inventory is at the moment owned by company insiders.
Wall Avenue Analyst Weigh In
INTC has been the topic of a number of analysis experiences. Truist Monetary lowered their goal worth on Intel from $33.00 to $25.00 and set a “maintain” ranking for the corporate in a analysis notice on Friday, August 2nd. TD Cowen upgraded Intel to a “maintain” ranking in a report on Monday, September sixteenth. Raymond James reduce Intel from an “outperform” ranking to a “market carry out” ranking in a report on Friday, August 2nd. Cantor Fitzgerald decreased their worth goal on shares of Intel from $40.00 to $27.00 and set a “impartial” ranking for the corporate in a analysis notice on Friday, August 2nd. Lastly, Hsbc International Res lowered shares of Intel from a “maintain” ranking to a “reasonable promote” ranking in a analysis notice on Friday, August 2nd. Six equities analysis analysts have rated the inventory with a promote ranking, twenty-four have given a maintain ranking and one has issued a purchase ranking to the corporate’s inventory. In response to knowledge from MarketBeat, the inventory at the moment has a median ranking of “Maintain” and a median goal worth of $31.96.
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About Intel
Intel Company designs, develops, manufactures, markets, and sells computing and associated services and products worldwide. It operates by way 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 items and chipsets, system-on-chips (SoCs), and multichip packages; cell 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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