SWS Partners Grows Position in Intel Co. (NASDAQ:INTC)

SWS Partners raised its position in Intel Co. (NASDAQ:INTC) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,582 shares of the chip maker’s stock after buying an additional 15,150 shares during the quarter. Intel makes up approximately 1.2% of SWS Partners’ portfolio, making the stock its 22nd biggest position. SWS Partners’ holdings in Intel were worth $3,948,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Slow Capital Inc. raised its stake in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. Callan Capital LLC grew its position in Intel by 9.1% in the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after buying an additional 1,474 shares during the last quarter. Finally, Prosperity Wealth Management Inc. acquired a new position in Intel in the 4th quarter valued at $293,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 3.9 %

Shares of INTC traded up $0.77 on Thursday, hitting $20.69. 84,674,060 shares of the stock traded hands, compared to its average volume of 52,251,648. Intel Co. has a 1 year low of $18.84 and a 1 year high of $51.28. The stock’s 50 day moving average is $29.46 and its two-hundred day moving average is $35.12. The firm has a market capitalization of $88.08 billion, a P/E ratio of 21.55, 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 (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.82% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same quarter last year, the business earned ($0.05) EPS. Intel’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 0.07 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.42%. The ex-dividend date is Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Friday, August 2nd. Jefferies Financial Group began coverage on Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 price objective on the stock. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Cantor Fitzgerald decreased their price target on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.04.

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.