Altus Wealth Management LLC Has $253,000 Stake in Intel Co. (NASDAQ:INTC)

Altus Wealth Management LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 46.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,175 shares of the chip maker’s stock after buying an additional 2,594 shares during the quarter. Altus Wealth Management LLC’s holdings in Intel were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the period. Brookstone Capital Management raised its holdings in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares during the period. Callan Capital LLC grew its position in shares of Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after purchasing an additional 1,474 shares in the last quarter. HTLF Bank purchased a new position in shares of Intel during the 4th quarter valued at $760,000. Finally, Trexquant Investment LP grew its position in shares of Intel by 69.0% during the 4th quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock valued at $3,574,000 after purchasing an additional 29,040 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Trading Up 2.2 %

Shares of INTC stock traded up $0.46 during trading hours on Monday, reaching $21.33. 39,658,863 shares of the stock were exchanged, compared to its average volume of 52,150,695. Intel Co. has a 12-month low of $18.84 and a 12-month high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $29.26 and its 200-day moving average price is $34.85. The firm has a market capitalization of $90.80 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

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

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.34%. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Sanford C. Bernstein cut their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Jefferies Financial Group initiated coverage on shares of Intel in a research report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. UBS Group cut their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Benchmark lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $32.04.

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.