Angeles Wealth Administration LLC lowered its place in shares of Intel Co. (NASDAQ:INTC – Free Report) by 12.4% within the 2nd quarter, in keeping with its most up-to-date disclosure with the Securities & Trade Fee. The institutional investor owned 8,733 shares of the chip maker’s inventory after promoting 1,238 shares throughout the quarter. Angeles Wealth Administration LLC’s holdings in Intel have been value $270,000 on the finish of the newest quarter.
A number of different massive traders have additionally purchased and offered shares of INTC. Norges Financial institution purchased a brand new place in Intel throughout the fourth quarter valued at about $2,424,202,000. Worth T Rowe Associates Inc. MD boosted its place in shares of Intel by 543.5% within the 4th quarter. Worth T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s inventory valued at $1,878,572,000 after buying an extra 31,575,084 shares throughout the interval. Capital Worldwide Traders boosted its place in shares of Intel by 16.0% within the 1st quarter. Capital Worldwide Traders now owns 112,093,582 shares of the chip maker’s inventory valued at $4,951,174,000 after buying an extra 15,475,631 shares throughout the interval. Van ECK Associates Corp boosted its place in shares of Intel by 60.5% within the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s inventory valued at $1,071,308,000 after buying an extra 13,035,566 shares throughout the interval. Lastly, Davis Chosen Advisers boosted its place in shares of Intel by 86.2% within the 2nd quarter. Davis Chosen Advisers now owns 12,642,316 shares of the chip maker’s inventory valued at $391,533,000 after buying an extra 5,851,098 shares throughout the interval. Institutional traders personal 64.53% of the corporate’s inventory.
Intel Inventory Up 3.5 %
INTC opened at $19.64 on Thursday. The enterprise has a 50 day shifting common worth of $25.46 and a 200 day shifting common worth of $32.00. Intel Co. has a twelve month low of $18.51 and a twelve month 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 agency has a market cap of $83.98 billion, a P/E ratio of 20.46 and a beta of 1.03.
Intel (NASDAQ:INTC – Get Free Report) final posted its 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 return on fairness of 1.78% and a web margin of 1.77%. The corporate had income of $12.80 billion throughout the quarter, in comparison with analyst estimates of $12.92 billion. Throughout the identical quarter final 12 months, the agency posted ($0.05) earnings per share. The agency’s income for the quarter was down .8% in comparison with the identical quarter final 12 months. Analysis analysts forecast that Intel Co. will put up -0.47 EPS for the present 12 months.
Intel Publicizes Dividend
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Sunday, September 1st. Traders of file on Wednesday, August seventh have been issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August seventh. This represents a $0.50 annualized dividend and a yield of two.55%. Intel’s dividend payout ratio (DPR) is presently 52.08%.
Analyst Rankings Modifications
INTC has been the topic of a variety of latest analyst reviews. Hsbc World Res lowered Intel from a “maintain” ranking to a “average promote” ranking in a analysis report on Friday, August 2nd. StockNews.com lowered Intel from a “maintain” ranking to a “promote” ranking in a analysis report on Friday, August ninth. Mizuho downgraded Intel from an “outperform” ranking to a “impartial” ranking and diminished their worth goal for the inventory from $36.00 to $22.00 in a analysis be aware on Thursday, August eighth. HSBC downgraded Intel from a “maintain” ranking to a “scale back” ranking in a analysis be aware on Friday, August 2nd. Lastly, Morgan Stanley diminished their worth goal on Intel from $36.00 to $25.00 and set an “equal weight” ranking for the corporate in a analysis be aware on Friday, August 2nd. Six analysts have rated the inventory with a promote ranking, twenty-four have assigned a maintain ranking and one has assigned a purchase ranking to the inventory. In line with MarketBeat, Intel presently has a median ranking of “Maintain” and a median worth goal of $32.04.
View Our Newest Report on Intel
Insider Shopping for and Promoting
In different Intel information, CEO Patrick P. Gelsinger bought 12,500 shares of the corporate’s inventory in a transaction on Monday, August fifth. The shares have been purchased at a median price of $20.16 per share, with a complete worth of $252,000.00. Following the transaction, the chief govt officer now instantly owns 37,975 shares within the firm, valued at roughly $765,576. The acquisition was disclosed in a doc filed with the SEC, which is out there at 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 way of Consumer Computing Group, Information Heart 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 discipline programmable gate arrays (FPGAs); and reminiscence and storage, connectivity and networking, and different semiconductor merchandise.
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