GYL Financial Synergies LLC Has $502,000 Position in Intel Co. (NASDAQ:INTC)

GYL Financial Synergies LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 9.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,200 shares of the chip maker’s stock after selling 1,621 shares during the quarter. GYL Financial Synergies LLC’s holdings in Intel were worth $502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Intel in the fourth quarter valued at about $117,000. Cetera Trust Company N.A bought a new stake in shares of Intel in the fourth quarter valued at about $63,000. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Intel in the fourth quarter valued at about $297,000. Jennison Associates LLC lifted its stake in shares of Intel by 299.3% in the fourth quarter. Jennison Associates LLC now owns 611,833 shares of the chip maker’s stock valued at $30,745,000 after buying an additional 458,608 shares during the period. Finally, Diversified LLC bought a new stake in shares of Intel in the fourth quarter valued at about $240,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Cantor Fitzgerald cut their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Sanford C. Bernstein cut their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Roth Mkm cut their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

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 shares were purchased 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 of the company’s stock, valued at approximately $765,576. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Up 1.4 %

NASDAQ:INTC traded up $0.28 on Friday, hitting $20.38. 4,341,790 shares of the company’s stock were exchanged, compared to its average volume of 52,424,750. The firm has a 50-day moving average price of $28.48 and a 200-day moving average price of $34.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 52 week low of $18.84 and a 52 week high of $51.28. The company has a market cap of $86.76 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05.

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). 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 the consensus estimate of $12.92 billion. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts expect that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.45%. 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.