Intel Co. (NASDAQ:INTC) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,262 shares of the chip maker’s stock after selling 3,598 shares during the period. Checchi Capital Advisers LLC’s holdings in Intel were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of INTC. Orion Portfolio Solutions LLC grew its stake in shares of Intel by 3.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after buying an additional 2,915 shares during the period. Brookstone Capital Management boosted its position 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 buying an additional 27,274 shares during the period. Trexquant Investment LP boosted its position in shares of Intel by 69.0% during the fourth quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock worth $3,574,000 after buying an additional 29,040 shares during the period. NBC Securities Inc. boosted its position in shares of Intel by 2.6% during the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after buying an additional 418 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Intel during the fourth quarter worth $501,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Susquehanna reduced their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Mizuho cut Intel from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on Intel in a research note on Monday, May 13th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $32.04.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the purchase, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Trading Down 1.9 %

Shares of NASDAQ INTC traded down $0.38 during trading on Wednesday, hitting $19.69. 32,184,115 shares of the company traded hands, compared to its average volume of 52,695,664. Intel Co. has a 1 year low of $18.84 and a 1 year high of $51.28. The company has a 50-day moving average price of $27.85 and a 200-day moving average price of $33.76. The firm has a market capitalization of $83.82 billion, a P/E ratio of 20.52, 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 announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $12.92 billion. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.54%. Intel’s payout ratio is currently 52.08%.

Intel Company 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.