Cambridge Investment Research Advisors Inc. Increases Stock Position in Intel Co. (NASDAQ:INTC)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 654,978 shares of the chip maker’s stock after purchasing an additional 11,258 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Intel were worth $20,285,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in Intel in the fourth quarter worth $297,000. Valmark Advisers Inc. grew its holdings in shares of Intel by 24.4% during the fourth quarter. Valmark Advisers Inc. now owns 12,288 shares of the chip maker’s stock valued at $617,000 after buying an additional 2,414 shares during the last quarter. Stonebrook Private Inc. purchased a new position in Intel in the 4th quarter worth $236,000. Sargent Investment Group LLC lifted its position in Intel by 2.8% during the 4th quarter. Sargent Investment Group LLC now owns 11,185 shares of the chip maker’s stock worth $562,000 after acquiring an additional 305 shares during the period. Finally, Convergence Investment Partners LLC grew its stake in Intel by 26.3% during the 4th quarter. Convergence Investment Partners LLC now owns 24,814 shares of the chip maker’s stock valued at $1,247,000 after purchasing an additional 5,166 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

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

Intel Price Performance

NASDAQ:INTC opened at $20.07 on Wednesday. The stock has a 50 day moving average of $27.85 and a two-hundred day moving average of $33.76. Intel Co. has a 12 month low of $18.84 and a 12 month high of $51.28. The firm has a market cap of $85.44 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

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). The firm had revenue of $12.80 billion for 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%. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm 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. 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 2.49%. Intel’s payout ratio is presently 52.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a report on Friday, August 2nd. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Morgan Stanley decreased their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. The Goldman Sachs Group cut their price target on Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. Finally, Northland Securities reduced their price objective on Intel from $68.00 to $42.00 and set an “outperform” 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 assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.