Intel Co. (NASDAQ:INTC) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,506 shares of the chip maker’s stock after selling 1,369 shares during the quarter. Marcum Wealth LLC’s holdings in Intel were worth $418,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Burkett Financial Services LLC bought a new stake in Intel in the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC bought a new position in Intel in the 4th quarter worth approximately $37,000. Finally, Bare Financial Services Inc bought a new position in Intel in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTC. Wedbush decreased their price target on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday. Cantor Fitzgerald reduced their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Thursday. UBS Group cut their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday. Finally, Truist Financial cut their target price on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.92.

Intel Trading Down 6.4 %

INTC stock traded down $1.37 during trading on Monday, hitting $20.11. The company had a trading volume of 147,145,630 shares, compared to its average volume of 50,681,496. The stock has a market cap of $85.61 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 17.38 and a beta of 1.05. Intel Co. has a 12 month low of $19.29 and a 12 month high of $51.28. The firm has a 50-day moving average price of $31.35 and a 200-day moving average price of $36.71. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.82%. The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts predict that Intel Co. will post 0.07 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.49%. Intel’s dividend payout ratio is currently 52.08%.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.