Daiwa Securities Group Inc. Purchases 183,572 Shares of Intel Co. (NASDAQ:INTC)

Daiwa Securities Group Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 14.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453,510 shares of the chip maker’s stock after purchasing an additional 183,572 shares during the period. Daiwa Securities Group Inc.’s holdings in Intel were worth $45,015,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new position in Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel in the 1st quarter valued at $27,000. Spartan Fund Management Inc. bought a new stake in shares of Intel during the second quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel during the second quarter valued at $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 1.0 %

Intel stock opened at $19.07 on Tuesday. The company has a fifty day simple moving average of $25.93 and a 200 day simple moving average of $32.26. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 1-year low of $18.64 and a 1-year high of $51.28. The company has a market cap of $81.54 billion, a P/E ratio of 19.86 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 net margin of 1.77% and a return on equity of 1.78%. The company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the prior year, the firm posted ($0.05) EPS. Intel’s revenue was down .8% compared to the same quarter last year. Research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now 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 available through this link. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on INTC shares. Morgan Stanley lowered their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. TD Cowen dropped their price target on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Benchmark cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Finally, Susquehanna cut their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.04.

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.