Boston Financial Mangement LLC Decreases Holdings in Intel Co. (NASDAQ:INTC)

Boston Financial Mangement LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 1.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 27,246 shares of the chip maker’s stock after selling 510 shares during the quarter. Boston Financial Mangement LLC’s holdings in Intel were worth $844,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in INTC. Frazier Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $27,000. Burkett Financial Services LLC purchased a new stake in Intel in the fourth quarter worth $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the 1st quarter worth $27,000. Financial Connections Group Inc. purchased a new stake in Intel in the 2nd quarter worth about $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Intel in the 2nd quarter valued at about $33,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Wedbush reduced their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Northland Securities reduced their price target on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock opened at $22.04 on Friday. The firm has a 50-day moving average of $27.24 and a 200-day moving average of $33.41. The firm has a market cap of $93.82 billion, a P/E ratio of 22.96, a P/E/G 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.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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). Intel had a net margin of 1.77% and a return on equity of 1.82%. The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the firm earned ($0.05) EPS. The business’s revenue was down .8% on a year-over-year basis. Sell-side analysts expect that Intel Co. will post 0.07 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.27%. Intel’s dividend payout ratio (DPR) is 52.08%.

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.