Toth Financial Advisory Corp Sells 8,903 Shares of Intel Co. (NASDAQ:INTC)

Toth Financial Advisory Corp lessened its holdings in Intel Co. (NASDAQ:INTC) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,344 shares of the chip maker’s stock after selling 8,903 shares during the quarter. Toth Financial Advisory Corp’s holdings in Intel were worth $1,322,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. AdvisorNet Financial Inc grew its stake in shares of Intel by 2.1% during the first quarter. AdvisorNet Financial Inc now owns 40,154 shares of the chip maker’s stock worth $1,774,000 after purchasing an additional 838 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Intel during the 1st quarter worth about $4,442,000. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of Intel by 9.4% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 15,921 shares of the chip maker’s stock valued at $703,000 after acquiring an additional 1,363 shares during the last quarter. Charles Schwab Trust Co raised its position in shares of Intel by 7.6% in the 1st quarter. Charles Schwab Trust Co now owns 7,947 shares of the chip maker’s stock valued at $351,000 after acquiring an additional 563 shares during the period. Finally, Jacobs & Co. CA boosted its stake in Intel by 2.5% during the 1st quarter. Jacobs & Co. CA now owns 301,342 shares of the chip maker’s stock worth $13,310,000 after acquiring an additional 7,423 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several analyst reports. Northland Securities cut their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.92.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.28 on Monday, hitting $22.49. The company had a trading volume of 16,815,607 shares, compared to its average volume of 58,626,023. The stock has a market cap of $95.74 billion, a price-to-earnings ratio of 23.33 and a beta of 1.03. The stock has a 50 day moving average price of $21.40 and a 200 day moving average price of $27.94. Intel Co. has a 1-year low of $18.51 and a 1-year 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.

Intel (NASDAQ:INTC) last announced its quarterly 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 company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the company posted ($0.05) EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.22%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.