Kiley Juergens Wealth Management LLC Purchases 5,963 Shares of Intel Co. (NASDAQ:INTC)

Kiley Juergens Wealth Management LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,874 shares of the chip maker’s stock after acquiring an additional 5,963 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Intel were worth $1,514,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INTC. 1620 Investment Advisors Inc. increased its position in Intel by 6.3% during the second quarter. 1620 Investment Advisors Inc. now owns 10,630 shares of the chip maker’s stock worth $329,000 after buying an additional 630 shares during the last quarter. Richard W. Paul & Associates LLC boosted its stake in shares of Intel by 59.2% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 17,867 shares of the chip maker’s stock worth $553,000 after acquiring an additional 6,642 shares in the last quarter. Benin Management CORP increased its holdings in shares of Intel by 7.7% during the 2nd quarter. Benin Management CORP now owns 8,206 shares of the chip maker’s stock valued at $254,000 after acquiring an additional 589 shares during the last quarter. Inlet Private Wealth LLC raised its stake in shares of Intel by 36.4% in the 2nd quarter. Inlet Private Wealth LLC now owns 7,744 shares of the chip maker’s stock valued at $240,000 after acquiring an additional 2,066 shares in the last quarter. Finally, American National Bank lifted its holdings in Intel by 18.7% in the 2nd quarter. American National Bank now owns 18,701 shares of the chip maker’s stock worth $579,000 after purchasing an additional 2,951 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

NASDAQ:INTC traded down $1.31 on Thursday, reaching $20.10. The stock had a trading volume of 81,280,543 shares, compared to its average volume of 52,719,859. The company has a market capitalization of $85.57 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The stock has a fifty day moving average price of $28.48 and a 200-day moving average price of $34.35. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 1-year low of $18.84 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 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 business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Research analysts forecast that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders 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 dividend yield of 2.49%. The ex-dividend date is Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 in the company, valued at $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein dropped their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Susquehanna lowered their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays decreased their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $32.04.

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.