Range Financial Group LLC Has $424,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Range Financial Group LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 18.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,698 shares of the chip maker’s stock after selling 3,088 shares during the period. Range Financial Group LLC’s holdings in Intel were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc boosted its position in Intel by 2.9% during the second quarter. TD Asset Management Inc now owns 2,164,825 shares of the chip maker’s stock valued at $67,045,000 after purchasing an additional 61,267 shares during the last quarter. FineMark National Bank & Trust boosted its position in Intel by 23.0% during the second quarter. FineMark National Bank & Trust now owns 14,906 shares of the chip maker’s stock valued at $462,000 after purchasing an additional 2,789 shares during the last quarter. Pzena Investment Management LLC boosted its position in Intel by 19.5% during the second quarter. Pzena Investment Management LLC now owns 12,789 shares of the chip maker’s stock valued at $396,000 after purchasing an additional 2,084 shares during the last quarter. Archer Investment Corp boosted its position in Intel by 7.7% during the second quarter. Archer Investment Corp now owns 25,347 shares of the chip maker’s stock valued at $785,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Intel by 1.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 365,734 shares of the chip maker’s stock valued at $11,327,000 after purchasing an additional 4,348 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 0.6 %

Shares of Intel stock traded up $0.11 on Thursday, hitting $19.54. 5,982,521 shares of the company’s stock traded hands, compared to its average volume of 53,896,531. The firm’s 50-day moving average price is $26.64 and its two-hundred day moving average price is $32.85. The stock has a market capitalization of $83.18 billion, a PE ratio of 20.24 and a beta of 1.05. Intel Co. has a one year low of $18.84 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last issued its 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 business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, research analysts expect that Intel Co. will post -0.46 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTC shares. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.