Catalina Capital Group LLC Has $223,000 Stock Position in Intel Co. (NASDAQ:INTC)

Catalina Capital Group LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 29.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,192 shares of the chip maker’s stock after selling 3,001 shares during the quarter. Catalina Capital Group LLC’s holdings in Intel were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Intel in the 4th quarter valued at $297,000. Jennison Associates LLC raised its stake in Intel by 299.3% in the 4th quarter. Jennison Associates LLC now owns 611,833 shares of the chip maker’s stock worth $30,745,000 after purchasing an additional 458,608 shares in the last quarter. Foster & Motley Inc. bought a new stake in Intel in the 4th quarter valued at about $319,000. 1900 Wealth Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $206,000. Finally, Bfsg LLC bought a new position in shares of Intel during the fourth quarter worth approximately $82,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Mizuho downgraded Intel from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $22.00 in a research report on Thursday, August 8th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday, August 2nd. Truist Financial decreased their target price on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. Finally, UBS Group decreased their price target on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

INTC traded up $0.44 during trading on Friday, hitting $20.54. 73,398,430 shares of the company traded hands, compared to its average volume of 52,838,734. Intel Co. has a one year low of $18.84 and a one year high of $51.28. The stock’s fifty day moving average is $28.28 and its 200 day moving average is $34.20. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The firm has a market cap of $87.44 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued 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). Intel had a return on equity of 1.82% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

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.