Krilogy Financial LLC Grows Position in Intel Co. (NASDAQ:INTC)

Krilogy Financial LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,061 shares of the chip maker’s stock after acquiring an additional 1,678 shares during the period. Krilogy Financial LLC’s holdings in Intel were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tennessee Valley Asset Management Partners purchased a new position in shares of Intel during the 4th quarter valued at about $117,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Intel by 1.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 40,134 shares of the chip maker’s stock worth $2,017,000 after buying an additional 728 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $209,000. Calamos Wealth Management LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $789,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Intel during the fourth quarter valued at approximately $1,367,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 2.0 %

Shares of NASDAQ:INTC traded up $0.42 during mid-day trading on Wednesday, hitting $21.41. The stock had a trading volume of 56,791,699 shares, compared to its average volume of 52,541,684. The company has a market cap of $91.14 billion, a PE ratio of 22.16, 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. The company’s 50 day moving average is $28.87 and its 200-day moving average is $34.55. Intel Co. has a 12-month low of $18.84 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly 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). The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share. On average, sell-side analysts predict that Intel Co. will post 0.07 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.34%. The ex-dividend date is Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. Wells Fargo & Company lowered their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Wedbush decreased their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Finally, Truist Financial reduced their price objective on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.04.

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.