Intel Co. (NASDAQ:INTC) Holdings Lifted by Excalibur Management Corp

Excalibur Management Corp boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 63,070 shares of the chip maker’s stock after buying an additional 4,723 shares during the period. Excalibur Management Corp’s holdings in Intel were worth $1,953,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Burkett Financial Services LLC purchased a new stake in Intel in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter worth about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at about $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 1st quarter valued at approximately $36,000. Finally, America First Investment Advisors LLC acquired a new position in Intel in the second quarter worth approximately $25,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on INTC shares. Barclays reduced their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a report on Monday. Finally, Wedbush reduced their target price on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.04.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Intel Trading Up 6.4 %

Shares of INTC stock opened at $20.91 on Tuesday. The firm has a fifty day moving average of $24.71 and a 200-day moving average of $31.45. The stock has a market cap of $89.41 billion, a price-to-earnings ratio of 21.78 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last posted its quarterly 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). The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. On average, equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 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.