Intel Co. (NASDAQ:INTC) Position Boosted by Krilogy Financial LLC

Krilogy Financial LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,061 shares of the chip maker’s stock after purchasing an additional 1,678 shares during the quarter. Krilogy Financial LLC’s holdings in Intel were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC bought a new stake in shares of Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC bought a new position in Intel during the 1st quarter worth about $27,000. Triad Wealth Partners LLC acquired a new position in shares of Intel during the 2nd quarter worth about $33,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel in the 1st quarter valued at about $36,000. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 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, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Intel Trading Up 2.0 %

INTC stock traded up $0.42 during midday trading on Wednesday, hitting $21.41. The stock had a trading volume of 56,791,699 shares, compared to its average volume of 52,541,684. The firm has a market cap of $91.14 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a 1-year low of $18.84 and a 1-year high of $51.28. The business has a fifty day moving average price of $28.87 and a two-hundred day moving average price of $34.55.

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 the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, sell-side analysts predict that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTC shares. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. HSBC cut shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six investment 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.