Intel Co. (NASDAQ:INTC) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its position in Intel Co. (NASDAQ:INTC) by 11.0% during the second quarter, Holdings Channel reports. The institutional investor owned 20,517 shares of the chip maker’s stock after buying an additional 2,034 shares during the quarter. Ellsworth Advisors LLC’s holdings in Intel were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INTC. Slow Capital Inc. increased its holdings in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares in the last quarter. Orion Portfolio Solutions LLC raised its position 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 period. 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 valued at $3,052,000 after purchasing an additional 27,274 shares during the last quarter. Callan Capital LLC boosted its position in shares of 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 purchasing an additional 1,474 shares during the period. Finally, Prosperity Wealth Management Inc. acquired a new stake in Intel during the 4th quarter worth about $293,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC traded up $0.18 during trading hours on Friday, reaching $20.87. 48,482,542 shares of the company traded hands, compared to its average volume of 52,228,957. Intel Co. has a 1-year low of $18.84 and a 1-year high of $51.28. The stock has a market cap of $88.84 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The stock’s fifty day moving average is $29.26 and its 200 day moving average is $34.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 1.82%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.40%. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on INTC shares. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, August 2nd. Finally, Jefferies Financial Group began coverage on shares of Intel in a report on Monday, May 13th. They set a “hold” rating and a $34.00 price target for the company. Six investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.04.

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.