9,093 Shares in Intel Co. (NASDAQ:INTC) Bought by Schubert & Co

Schubert & Co bought a new stake in Intel Co. (NASDAQ:INTC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,093 shares of the chip maker’s stock, valued at approximately $213,000.

Other institutional investors also recently made changes to their positions in the company. MJP Associates Inc. ADV boosted its stake in shares of Intel by 34.0% during the 1st quarter. MJP Associates Inc. ADV now owns 9,112 shares of the chip maker’s stock worth $402,000 after acquiring an additional 2,311 shares in the last quarter. &PARTNERS grew its holdings in Intel by 4.3% in the first quarter. &PARTNERS now owns 42,643 shares of the chip maker’s stock valued at $1,884,000 after purchasing an additional 1,769 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Intel by 0.6% in the first quarter. International Assets Investment Management LLC now owns 66,192 shares of the chip maker’s stock valued at $2,947,000 after buying an additional 419 shares in the last quarter. Cooper Financial Group raised its stake in shares of Intel by 33.7% during the 1st quarter. Cooper Financial Group now owns 36,146 shares of the chip maker’s stock worth $1,597,000 after buying an additional 9,107 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. boosted its position in shares of Intel by 0.6% in the 1st quarter. Armstrong Henry H Associates Inc. now owns 448,461 shares of the chip maker’s stock worth $19,809,000 after buying an additional 2,483 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 1.5 %

Shares of NASDAQ INTC traded up $0.33 during trading on Friday, reaching $22.77. 39,971,695 shares of the stock were exchanged, compared to its average volume of 58,832,660. The business’s 50-day moving average price is $21.40 and its 200 day moving average price is $28.14. The company has a market capitalization of $96.93 billion, a price-to-earnings ratio of 23.72 and a beta of 1.03. 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.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share 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 firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s 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 acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. The Goldman Sachs Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Mizuho downgraded Intel from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $22.00 in a research report on Thursday, August 8th. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays cut their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.92.

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.