HBW Advisory Services LLC Has $254,000 Stake in Intel Co. (NASDAQ:INTC)

HBW Advisory Services LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 20.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,205 shares of the chip maker’s stock after selling 2,174 shares during the period. HBW Advisory Services LLC’s holdings in Intel were worth $254,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. Waldron Private Wealth LLC grew its stake in shares of Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of Intel by 4.3% in the 4th quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock valued at $300,000 after buying an additional 246 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in shares of Intel by 1.1% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock valued at $1,114,000 after buying an additional 247 shares in the last quarter. Johnson Financial Group Inc. grew its stake in shares of Intel by 4.5% in the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after buying an additional 247 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Intel by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,974 shares of the chip maker’s stock valued at $250,000 after buying an additional 249 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.28 during trading hours on Tuesday, reaching $19.83. The stock had a trading volume of 106,500,528 shares, compared to its average volume of 51,055,516. The business’s fifty day moving average is $31.14 and its two-hundred day moving average is $36.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company has a market cap of $84.42 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 17.38 and a beta of 1.05. Intel Co. has a twelve month low of $19.29 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last issued its 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 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 in the previous year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts expect that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.52%. Intel’s dividend payout ratio is currently 52.08%.

Analysts Set New Price Targets

Several brokerages recently commented on INTC. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company decreased their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Benchmark cut Intel from a “buy” rating to a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.92.

About Intel

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.