Intel Co. (NASDAQ:INTC) Shares Acquired by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. raised its holdings in Intel Co. (NASDAQ:INTC) by 31.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,820 shares of the chip maker’s stock after acquiring an additional 5,461 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Intel were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. America First Investment Advisors LLC acquired a new stake in Intel in the 2nd quarter valued at about $25,000. Tributary Capital Management LLC acquired a new stake in Intel in the 1st quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the 2nd quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Intel in the 2nd quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

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 acquired at an average price 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 in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Intel Trading Up 1.5 %

Shares of Intel stock traded up $0.34 during trading on Friday, hitting $22.68. 67,502,984 shares of the company were exchanged, compared to its average volume of 59,830,280. The firm has a market capitalization of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm’s fifty day moving average price is $21.62 and its 200 day moving average price is $27.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 217.40%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INTC. Morgan Stanley cut their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. JPMorgan Chase & Co. dropped their target price on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.15.

Intel 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.