Intel Co. (NASDAQ:INTC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,206 shares of the chip maker’s stock after selling 6,102 shares during the period. Crossmark Global Holdings Inc.’s holdings in Intel were worth $6,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC grew 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 buying an additional 2,915 shares in the last quarter. Brookstone Capital Management grew its holdings in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares in the last quarter. Trexquant Investment LP increased its position in shares of Intel by 69.0% in the 4th quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock valued at $3,574,000 after purchasing an additional 29,040 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Intel by 2.6% in the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after purchasing an additional 418 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Intel during the 4th quarter worth $501,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Cantor Fitzgerald cut 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. Morgan Stanley cut their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Truist Financial lowered their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.04.

Intel Stock Performance

NASDAQ INTC traded up $1.91 during trading hours on Friday, hitting $22.04. 177,563,785 shares of the stock were exchanged, compared to its average volume of 53,623,316. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a market cap of $93.82 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. Intel Co. has a 12-month low of $18.84 and a 12-month high of $51.28. The stock has a 50-day moving average of $27.24 and a 200 day moving average of $33.41.

Intel (NASDAQ:INTC) last issued its earnings results 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 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 business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post 0.07 earnings per share for the current year.

Intel Announces Dividend

The business also recently announced 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 dividend yield of 2.27%. Intel’s payout ratio is currently 52.08%.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

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.