Plato Investment Management Ltd Sells 1,291 Shares of Intel Co. (NASDAQ:INTC)

Plato Investment Management Ltd cut its stake in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,010 shares of the chip maker’s stock after selling 1,291 shares during the quarter. Plato Investment Management Ltd’s holdings in Intel were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of INTC. DDFG Inc bought a new stake in Intel in the 4th quarter worth $205,000. Gryphon Financial Partners LLC boosted its holdings in shares of Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after purchasing an additional 1,601 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Intel by 11.1% during the fourth quarter. Panagora Asset Management Inc. now owns 77,091 shares of the chip maker’s stock worth $3,874,000 after purchasing an additional 7,701 shares during the period. Brown Advisory Inc. grew its stake in shares of Intel by 3.0% in the fourth quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock worth $26,837,000 after purchasing an additional 15,796 shares during the last quarter. Finally, AMG National Trust Bank increased its holdings in Intel by 6.9% during the 4th quarter. AMG National Trust Bank now owns 44,179 shares of the chip maker’s stock valued at $2,220,000 after purchasing an additional 2,870 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

Intel stock opened at $19.66 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $24.98 and a 200-day moving average price of $31.68. The firm has a market capitalization of $84.07 billion, a PE ratio of 20.48 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its 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 net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the company posted ($0.05) EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating 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 report on Friday, August 2nd. Barclays cut their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Six equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.