Signature Estate & Investment Advisors LLC Acquires New Stake in Intel Co. (NASDAQ:INTC)

Signature Estate & Investment Advisors LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,577 shares of the chip maker’s stock, valued at approximately $328,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC acquired a new position in Intel during the 1st quarter worth approximately $27,000. Triad Wealth Partners LLC acquired a new position in shares of Intel during the second quarter worth approximately $33,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel in the 1st quarter valued at $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.04 during mid-day trading on Tuesday, reaching $20.09. The stock had a trading volume of 13,067,206 shares, compared to its average volume of 52,641,773. The company has a market cap of $85.52 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The business’s 50 day moving average price is $28.06 and its 200 day moving average price is $33.92. 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.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts expect that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.49%. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTC. Wedbush dropped their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Northland Securities cut their target price on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Truist Financial lowered their target price on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Benchmark cut Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research report on Thursday, May 16th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $32.04.

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.