168,084 Shares in Intel Co. (NASDAQ:INTC) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 168,084 shares of the chip maker’s stock, valued at approximately $5,206,000.

Other hedge funds have also recently modified their holdings of the company. DDFG Inc bought a new position in Intel during the fourth quarter valued at approximately $205,000. Gryphon Financial Partners LLC boosted its position in shares of Intel by 8.2% during the 4th 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 during the last quarter. Brown Advisory Inc. grew its holdings in shares of Intel by 3.0% in the fourth quarter. Brown Advisory Inc. now owns 534,068 shares of the chip maker’s stock valued at $26,837,000 after purchasing an additional 15,796 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Intel in the fourth quarter worth $501,000. Finally, Hillsdale Investment Management Inc. raised its stake in Intel by 110.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 5,250 shares of the chip maker’s stock valued at $264,000 after purchasing an additional 2,760 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Morgan Stanley decreased their price objective on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. HSBC cut Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Truist Financial decreased their price target on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Stock Up 6.4 %

Intel stock opened at $20.91 on Tuesday. The business has a fifty day moving average of $24.71 and a two-hundred day moving average of $31.45. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The firm has a market cap of $89.41 billion, a P/E ratio of 21.78 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted 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). The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. On average, analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.