Diversified LLC Grows Position in Intel Co. (NASDAQ:INTC)

Diversified LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 30.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,943 shares of the chip maker’s stock after acquiring an additional 1,621 shares during the quarter. Diversified LLC’s holdings in Intel were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in INTC. Burkett Financial Services LLC bought a new position in shares of Intel during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new position in Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter valued at $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Intel during the 4th quarter valued at $37,000. Finally, Bare Financial Services Inc bought a new stake in shares of Intel during the 4th quarter worth $39,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. TD Cowen cut their price objective on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Wedbush cut their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Morgan Stanley reduced their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Finally, Evercore ISI decreased their price objective on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday, April 26th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.04.

Insider Transactions at Intel

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

Intel Stock Up 2.2 %

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

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts anticipate 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. This represents a $0.50 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Wednesday, August 7th. Intel’s payout ratio is 52.08%.

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.