Modera Wealth Management LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,831 shares of the chip maker’s stock after selling 1,015 shares during the period. Modera Wealth Management LLC’s holdings in Intel were worth $2,318,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Frazier Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth about $27,000. Tributary Capital Management LLC bought a new stake in Intel during the 1st quarter worth about $27,000. Financial Connections Group Inc. acquired a new stake in Intel in the 2nd quarter valued at about $32,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Intel in the second quarter worth about $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Trading Up 9.5 %
NASDAQ:INTC traded up $1.91 on Friday, reaching $22.04. The company’s stock had a trading volume of 177,563,785 shares, compared to its average volume of 53,623,316. The firm has a market cap of $93.82 billion, a PE ratio of 22.96, a PEG ratio of 17.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The business’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $33.41. Intel Co. has a 1-year low of $18.84 and a 1-year high of $51.28.
Intel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors 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 payout ratio is 52.08%.
Insider Activity at Intel
In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value 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 $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently commented on INTC. Barclays decreased their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Northland Securities decreased their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.04.
Get Our Latest Report on Intel
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.
Featured Articles
- Five stocks we like better than Intel
- P/E Ratio Calculation: How to Assess Stocks
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- Transportation Stocks Investing
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- Insider Trades May Not Tell You What You Think
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.