Denver PWM LLC Purchases New Shares in Intel Co. (NASDAQ:INTC)

Denver PWM LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,101 shares of the chip maker’s stock, valued at approximately $96,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. DDFG Inc bought a new position in Intel during the fourth quarter worth about $205,000. Gryphon Financial Partners LLC grew its position in shares of Intel by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after purchasing an additional 1,601 shares during the period. Montag A & Associates Inc. increased its stake in Intel by 1.4% during the 4th quarter. Montag A & Associates Inc. now owns 31,733 shares of the chip maker’s stock worth $1,595,000 after purchasing an additional 425 shares in the last quarter. Principal Securities Inc. acquired a new stake in Intel during the 4th quarter worth approximately $3,743,000. Finally, Van Hulzen Asset Management LLC lifted its stake in Intel by 11.4% in the fourth quarter. Van Hulzen Asset Management LLC now owns 14,241 shares of the chip maker’s stock valued at $716,000 after buying an additional 1,460 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 0.2 %

Shares of INTC stock opened at $19.40 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The company has a market capitalization of $82.59 billion, a price-to-earnings ratio of 20.21 and a beta of 1.05. Intel Co. has a 52-week low of $18.84 and a 52-week high of $51.28. The company has a 50-day simple moving average of $26.41 and a two-hundred day simple moving average of $32.76.

Intel (NASDAQ:INTC) last released its 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 return on equity of 1.78% and a net margin of 1.77%. The business 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 firm earned ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts anticipate that Intel Co. will post -0.46 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and cut their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Finally, HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.04.

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.