Intel Co. (NASDAQ:INTC) Shares Sold by Taurus Asset Management LLC

Taurus Asset Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 28.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,197 shares of the chip maker’s stock after selling 4,150 shares during the period. Taurus Asset Management LLC’s holdings in Intel were worth $316,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. DDFG Inc acquired a new position in shares of Intel in the 4th quarter valued at about $205,000. Gryphon Financial Partners LLC lifted its position in Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after buying an additional 1,601 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Intel by 11.1% during the fourth quarter. Panagora Asset Management Inc. now owns 77,091 shares of the chip maker’s stock worth $3,874,000 after buying an additional 7,701 shares during the period. Brown Advisory Inc. increased its position in shares of Intel by 3.0% in the fourth quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock worth $26,837,000 after acquiring an additional 15,796 shares in the last quarter. Finally, AMG National Trust Bank raised its stake in shares of Intel by 6.9% in the 4th quarter. AMG National Trust Bank now owns 44,179 shares of the chip maker’s stock valued at $2,220,000 after acquiring an additional 2,870 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.66 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year 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. The stock has a fifty day moving average price of $24.98 and a two-hundred day moving average price of $31.68. The firm has a market cap of $84.07 billion, a P/E ratio of 20.48 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. Intel’s revenue was down .8% on a year-over-year basis. Research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.54%. Intel’s dividend payout ratio (DPR) is 52.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INTC. Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Roth Mkm reduced their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Northland Securities lowered their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, UBS Group dropped their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $32.04.

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.