Delta Financial Advisors LLC Has $1.66 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Delta Financial Advisors LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,524 shares of the chip maker’s stock after selling 3,481 shares during the period. Delta Financial Advisors LLC’s holdings in Intel were worth $1,658,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in Intel during the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new stake in shares of Intel in the 1st quarter valued at approximately $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Intel in the 1st quarter worth approximately $36,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Intel during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on INTC shares. Benchmark cut Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Susquehanna reduced their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Truist Financial cut their target price on shares of Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Finally, Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were 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 directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 2.6 %

NASDAQ:INTC opened at $18.89 on Friday. The firm has a market capitalization of $80.41 billion, a price-to-earnings ratio of 19.68 and a beta of 1.05. Intel Co. has a 1-year low of $18.64 and a 1-year high of $51.28. The business’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $32.51. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the business earned ($0.05) EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post -0.46 earnings per share for the current year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Intel Company 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.