Intel Co. (NASDAQ:INTC) Shares Sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.2% during the third quarter, Holdings Channel.com reports. The firm owned 31,800 shares of the chip maker’s stock after selling 2,455 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Intel were worth $746,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Capital International Investors grew its holdings in Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after acquiring an additional 15,475,631 shares during the period. Van ECK Associates Corp grew its holdings in Intel by 60.5% during the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after acquiring an additional 13,035,566 shares during the period. Davis Selected Advisers grew its holdings in Intel by 86.2% during the second quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after acquiring an additional 5,851,098 shares during the period. Caxton Associates LP acquired a new position in Intel during the second quarter worth about $162,592,000. Finally, Vanguard Group Inc. boosted its position in shares of Intel by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 385,787,907 shares of the chip maker’s stock valued at $19,385,842,000 after purchasing an additional 4,678,169 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 1.5 %

Shares of INTC stock opened at $23.56 on Friday. The stock’s 50 day simple moving average is $21.12 and its 200 day simple moving average is $28.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market capitalization of $100.29 billion, a price-to-earnings ratio of 24.54 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 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 the consensus estimate of $12.92 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent analyst reports. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Truist Financial decreased their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Monday, September 23rd. Susquehanna decreased their price target on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Roth Mkm decreased their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.96.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost 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 approximately $765,576. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.

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.