Intel Co. (NASDAQ:INTC) Shares Purchased by Apella Capital LLC

Apella Capital LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,390 shares of the chip maker’s stock after buying an additional 623 shares during the quarter. Apella Capital LLC’s holdings in Intel were worth $322,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB grew its stake in shares of Intel by 25.1% in the second quarter. AMF Tjanstepension AB now owns 490,916 shares of the chip maker’s stock worth $15,214,000 after purchasing an additional 98,640 shares in the last quarter. Value Partners Investments Inc. increased its position in Intel by 64.8% in the 2nd quarter. Value Partners Investments Inc. now owns 11,740 shares of the chip maker’s stock worth $364,000 after purchasing an additional 4,618 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Intel by 3.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 51,999 shares of the chip maker’s stock valued at $1,610,000 after buying an additional 1,738 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Intel by 5.3% in the 2nd quarter. Fulton Bank N.A. now owns 161,682 shares of the chip maker’s stock worth $5,007,000 after acquiring an additional 8,139 shares during the period. Finally, Lynx Investment Advisory bought a new position in shares of Intel during the 2nd quarter worth approximately $81,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Roth Mkm decreased their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Susquehanna lowered their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, Citigroup lowered their target price on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Five investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.92.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.84 during midday trading on Wednesday, reaching $18.99. 97,710,851 shares of the company’s stock traded hands, compared to its average volume of 51,365,828. The company has a market cap of $80.84 billion, a price-to-earnings ratio of 20.26, a P/E/G 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. Intel Co. has a one year low of $18.95 and a one year high of $51.28. The stock has a 50 day moving average of $30.92 and a 200 day moving average of $36.32.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share 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 1.82%. The firm had revenue of $12.80 billion during 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 firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel Co. will post 0.07 EPS 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 issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.63%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio is presently 52.08%.

About Intel

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.