Doheny Asset Management CA Acquires 20,110 Shares of Intel Co. (NASDAQ:INTC)

Doheny Asset Management CA raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 399.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,150 shares of the chip maker’s stock after purchasing an additional 20,110 shares during the quarter. Doheny Asset Management CA’s holdings in Intel were worth $779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. DDFG Inc bought a new stake in shares of Intel in the fourth quarter valued at about $205,000. Gryphon Financial Partners LLC raised its holdings in shares of Intel by 8.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after acquiring an additional 1,601 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of Intel by 16.3% in the fourth quarter. AGF Management Ltd. now owns 15,114 shares of the chip maker’s stock valued at $759,000 after acquiring an additional 2,114 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Intel by 113.3% in the fourth quarter. Jump Financial LLC now owns 24,650 shares of the chip maker’s stock valued at $1,239,000 after acquiring an additional 13,095 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Intel by 21.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 90,920 shares of the chip maker’s stock valued at $4,569,000 after acquiring an additional 16,239 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

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

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Northland Securities decreased their price objective on Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Roth Mkm decreased their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Jefferies Financial Group started coverage on shares of Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.07 on Tuesday. The stock has a market capitalization of $81.54 billion, a price-to-earnings ratio of 19.86 and a beta of 1.03. Intel Co. has a 12 month low of $18.64 and a 12 month high of $51.28. The firm’s 50 day simple moving average is $25.93 and its 200-day simple moving average is $32.26. 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 issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. Analysts expect that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.62%. Intel’s payout ratio 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.