Mcdaniel Terry & Co. Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Mcdaniel Terry & Co. lessened its holdings in Intel Co. (NASDAQ:INTC) by 97.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,000 shares of the chip maker’s stock after selling 554,930 shares during the quarter. Mcdaniel Terry & Co.’s holdings in Intel were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the 1st quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new stake in Intel in the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new stake in Intel in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 1.6 %

Shares of NASDAQ INTC opened at $22.34 on Friday. The company’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $27.67. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The firm has a market capitalization of $95.10 billion, a P/E ratio of 23.27 and a beta of 1.03. 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 announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business 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 1.78%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INTC shares. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Susquehanna reduced 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. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Friday, August 2nd. Benchmark reissued a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Finally, Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.92.

Insider Buying and Selling

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 price of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Intel Company 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.