2,600 Shares in Intel Co. (NASDAQ:INTC) Acquired by Lynx Investment Advisory

Lynx Investment Advisory acquired a new stake in Intel Co. (NASDAQ:INTC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,600 shares of the chip maker’s stock, valued at approximately $81,000.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Intel during the fourth quarter worth approximately $2,424,202,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 543.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after purchasing an additional 31,575,084 shares in the last quarter. Capital International Investors increased its position in shares of Intel by 16.0% in the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. California Public Employees Retirement System raised its stake in Intel by 102.6% in the fourth quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after purchasing an additional 8,140,835 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Intel by 44.8% during the first quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock worth $952,139,000 after purchasing an additional 6,673,086 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on INTC. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a report on Friday. Benchmark downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday. Roth Mkm reduced their target price on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday. TD Cowen lowered their price target on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday. Finally, Sanford C. Bernstein dropped their price objective on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and an average target price of $32.92.

Intel Trading Down 1.4 %

Shares of INTC traded down $0.28 during mid-day trading on Tuesday, reaching $19.83. 106,500,528 shares of the company were exchanged, compared to its average volume of 51,055,516. The business has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $36.52. 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 stock has a market capitalization of $84.42 billion, a PE ratio of 20.76, a PEG ratio of 17.38 and a beta of 1.05. Intel Co. has a 52 week low of $19.29 and a 52 week 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 (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.52%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

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.