HBW Advisory Services LLC Has $254,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

HBW Advisory Services LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,205 shares of the chip maker’s stock after selling 2,174 shares during the period. HBW Advisory Services LLC’s holdings in Intel were worth $254,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in Intel by 4,457.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,305,086 shares of the chip maker’s stock worth $166,081,000 after purchasing an additional 3,232,567 shares in the last quarter. Nilsine Partners LLC acquired a new position in Intel in the 4th quarter worth about $227,000. ABLE Financial Group LLC acquired a new position in Intel in the 4th quarter worth about $270,000. Prime Capital Investment Advisors LLC increased its holdings in Intel by 38.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 66,269 shares of the chip maker’s stock worth $3,330,000 after purchasing an additional 18,481 shares in the last quarter. Finally, Tritonpoint Wealth LLC acquired a new position in Intel in the 4th quarter worth about $714,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 26th. Argus lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI reduced their price target on Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Finally, Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $23.00 in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.92.

Intel Stock Down 1.4 %

NASDAQ:INTC traded down $0.28 on Tuesday, hitting $19.83. The stock had a trading volume of 106,500,528 shares, compared to its average volume of 51,055,516. The business’s fifty day moving average is $31.14 and its 200 day moving average is $36.52. The company has a market cap of $84.42 billion, a PE ratio of 20.76, a P/E/G ratio of 17.38 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 52 week low of $19.29 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 company had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.82% and a net margin of 1.77%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, equities research analysts expect that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 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.