Intel Co. (NASDAQ:INTC) Holdings Lifted by Hengehold Capital Management LLC

Hengehold Capital Management LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,366 shares of the chip maker’s stock after acquiring an additional 1,830 shares during the quarter. Hengehold Capital Management LLC’s holdings in Intel were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Tributary Capital Management LLC bought a new stake in shares of Intel during the 1st quarter worth $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Intel during the first quarter valued at approximately $36,000. America First Investment Advisors LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel during the 2nd quarter worth approximately $27,000. Finally, Spartan Fund Management Inc. acquired a new stake in Intel during the 2nd quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on INTC. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $31.92.

Insider Buying and Selling at Intel

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 price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.

Intel Stock Up 0.6 %

INTC stock opened at $22.44 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The company has a 50-day moving average of $21.34 and a two-hundred day moving average of $28.29. The stock has a market capitalization of $95.53 billion, a price-to-earnings ratio of 23.38 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the business earned ($0.05) EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.23%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

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.