Sumitomo Life Insurance coverage Co. lower its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 54.8% through the third quarter, Holdings Channel studies. The fund owned 20,137 shares of the chip maker’s inventory after promoting 24,434 shares through the interval. Sumitomo Life Insurance coverage Co.’s holdings in Intel have been value $472,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A number of different institutional traders and hedge funds have additionally modified their holdings of INTC. William B. Walkup & Associates Inc. purchased a brand new place in shares of Intel through the 2nd quarter valued at roughly $2,178,000. Non-public Advisory Group LLC bought a brand new stake in shares of Intel within the third quarter value $8,045,000. Brookstone Capital Administration raised its place in shares of Intel by 65.2% through the 1st quarter. Brookstone Capital Administration now owns 69,096 shares of the chip maker’s inventory valued at $3,052,000 after buying an extra 27,274 shares through the interval. Sanibel Captiva Belief Firm Inc. lifted its stake in shares of Intel by 21.1% through the third quarter. Sanibel Captiva Belief Firm Inc. now owns 279,591 shares of the chip maker’s inventory valued at $6,559,000 after shopping for an extra 48,765 shares within the final quarter. Lastly, Czech Nationwide Financial institution boosted its holdings in Intel by 7.2% within the third quarter. Czech Nationwide Financial institution now owns 869,233 shares of the chip maker’s inventory value $20,392,000 after shopping for an extra 58,021 shares through the interval. Hedge funds and different institutional traders personal 64.53% of the corporate’s inventory.
Intel Value Efficiency
INTC inventory opened at $22.44 on Friday. The corporate has a present ratio of 1.59, a fast ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.51 and a 12 month excessive of $51.28. The inventory has a market cap of $95.53 billion, a PE ratio of 23.38 and a beta of 1.03. The corporate has a 50-day shifting common value of $21.34 and a 200 day shifting common value of $28.29.
Intel (NASDAQ:INTC – Get Free Report) final launched its earnings outcomes on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, lacking analysts’ consensus estimates of $0.10 by ($0.08). Intel had a web margin of 1.77% and a return on fairness of 1.78%. The enterprise had income of $12.80 billion for the quarter, in comparison with the consensus estimate of $12.92 billion. Throughout the identical interval within the prior 12 months, the corporate posted ($0.05) EPS. The corporate’s quarterly income was down .8% in comparison with the identical quarter final 12 months. Equities analysis analysts anticipate that Intel Co. will publish -0.47 earnings per share for the present 12 months.
Intel Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of file on Wednesday, August seventh have been paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of two.23%. The ex-dividend date was Wednesday, August seventh. Intel’s dividend payout ratio is presently 52.08%.
Wall Avenue Analyst Weigh In
A number of brokerages have just lately commented on INTC. Morgan Stanley lowered their value goal on Intel from $36.00 to $25.00 and set an “equal weight” ranking on the inventory in a analysis report on Friday, August 2nd. Financial institution of America lower Intel from a “impartial” ranking to an “underperform” ranking and lowered their value goal for the inventory from $35.00 to $23.00 in a report on Friday, August 2nd. Argus lowered shares of Intel from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, August sixth. Barclays diminished their value goal on shares of Intel from $40.00 to $25.00 and set an “equal weight” ranking on the inventory in a analysis report on Friday, August 2nd. Lastly, Rosenblatt Securities restated a “promote” ranking and set a $17.00 goal value on shares of Intel in a analysis report on Friday, August 2nd. Six funding 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. Primarily based on information from MarketBeat, Intel presently has a consensus ranking of “Maintain” and a mean value goal of $31.92.
Verify Out Our Newest Evaluation on INTC
Insider Exercise at Intel
In different information, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel inventory in a transaction on Monday, August fifth. The shares have been purchased at a mean price of $20.16 per share, for a complete transaction of $252,000.00. Following the acquisition, the chief government officer now straight owns 37,975 shares of the corporate’s inventory, valued at $765,576. This commerce represents a 0.00 % enhance of their place. The acquisition was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. 0.04% of the inventory is owned by firm insiders.
About Intel
Intel Company designs, develops, manufactures, markets, and sells computing and associated services 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 includes 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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