MFA Wealth Advisors LLC Takes $38,000 Position in Intel Co. (NASDAQ:INTC)

MFA Wealth Advisors LLC bought a new stake in Intel Co. (NASDAQ:INTC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,236 shares of the chip maker’s stock, valued at approximately $38,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth about $27,000. Tributary Capital Management LLC acquired a new position in Intel during the first quarter worth about $27,000. Triad Wealth Partners LLC acquired a new position in Intel during the second quarter worth about $33,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the first quarter worth about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. Benchmark lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced 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. UBS Group reduced their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Finally, Roth Mkm reduced their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

NASDAQ:INTC traded up $0.42 during mid-day trading on Wednesday, hitting $21.41. The stock had a trading volume of 56,976,097 shares, compared to its average volume of 52,542,496. The stock has a market capitalization of $91.14 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 17.38 and a beta of 1.05. The company has a 50 day simple moving average of $28.69 and a 200-day simple moving average of $34.45. Intel Co. has a 52 week low of $18.84 and a 52 week high of $51.28. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

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

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction dated Monday, August 5th. The shares were bought 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 approximately $765,576. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

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.