Schubert & Co Makes New Investment in Intel Co. (NASDAQ:INTC)

Schubert & Co purchased a new stake in Intel Co. (NASDAQ:INTC) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 9,093 shares of the chip maker’s stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the business. William B. Walkup & Associates Inc. bought a new position in shares of Intel during the second quarter valued at approximately $2,178,000. Private Advisory Group LLC acquired a new position in Intel during the 3rd quarter valued at approximately $8,045,000. Brookstone Capital Management increased its position in Intel by 65.2% in the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after buying an additional 27,274 shares during the period. Sanibel Captiva Trust Company Inc. increased its position in Intel by 21.1% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after buying an additional 48,765 shares during the period. Finally, Czech National Bank boosted its holdings in shares of Intel by 7.2% during the third quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock valued at $20,392,000 after acquiring an additional 58,021 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of analyst reports. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, August 2nd. Susquehanna decreased their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Wedbush cut their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $31.92.

Intel Stock Up 1.5 %

Shares of Intel stock traded up $0.33 during midday trading on Friday, hitting $22.77. The company’s stock had a trading volume of 39,971,695 shares, compared to its average volume of 58,832,660. The firm has a market capitalization of $96.93 billion, a P/E ratio of 23.72 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $21.40 and a 200-day simple moving average of $28.14.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, sell-side analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

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.