Intel Co. (NASDAQ:INTC) Stock Holdings Raised by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 27.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,272 shares of the chip maker’s stock after purchasing an additional 34,995 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Intel were worth $5,026,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INTC. Burkett Financial Services LLC bought a new position in Intel during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new position in Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC acquired a new position in Intel in the first quarter worth $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Intel during the first quarter valued at $36,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Intel during the fourth quarter worth $46,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Cantor Fitzgerald cut their price target on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Finally, Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $32.04.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction 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 completion of the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Price Performance

Shares of INTC traded down $0.51 during mid-day trading on Friday, hitting $18.89. The company’s stock had a trading volume of 92,686,460 shares, compared to its average volume of 54,464,078. Intel Co. has a fifty-two week low of $18.64 and a fifty-two week high of $51.28. The stock has a market capitalization of $80.41 billion, a price-to-earnings ratio of 19.68 and a beta of 1.03. The firm has a 50-day moving average price of $26.17 and a 200 day moving average price of $32.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last posted 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). 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 1.78%. Intel’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. On average, research analysts predict that Intel Co. will post -0.46 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.65%. Intel’s dividend payout ratio (DPR) is 52.08%.

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.