Intel Co. (NASDAQ:INTC) Stake Trimmed by Cambridge Advisors Inc.

Cambridge Advisors Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 5.9% during the third quarter, HoldingsChannel reports. The firm owned 16,025 shares of the chip maker’s stock after selling 1,000 shares during the period. Cambridge Advisors Inc.’s holdings in Intel were worth $376,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tributary Capital Management LLC purchased a new position in Intel in the 1st quarter worth about $27,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Intel in the 1st quarter worth about $36,000. America First Investment Advisors LLC purchased a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel in the 2nd quarter worth about $27,000. Finally, Spartan Fund Management Inc. purchased a new position in Intel in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTC. Cantor Fitzgerald decreased their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research 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 for the company in a research report on Friday, August 2nd. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Barclays decreased their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.92.

Intel Stock Up 1.6 %

Shares of INTC stock opened at $22.34 on Friday. The stock’s 50 day simple moving average is $21.55 and its 200 day simple moving average is $27.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market capitalization of $95.10 billion, a price-to-earnings ratio of 23.27 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, research analysts predict that Intel Co. will post -0.47 EPS for the current 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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought 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 in the company, valued at approximately $765,576. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

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.