Intel Co. (NASDAQ:INTC) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 62.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,429 shares of the chip maker’s stock after acquiring an additional 11,272 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Intel were worth $690,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $25,000. Tributary Capital Management LLC bought a new stake in Intel in the first quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter valued at $27,000. Spartan Fund Management Inc. bought a new position in shares of Intel during the second quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 0.5 %

Intel stock opened at $23.44 on Tuesday. The company has a 50 day moving average price of $21.18 and a 200 day moving average price of $28.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The firm has a market capitalization of $99.78 billion, a price-to-earnings ratio of 24.42 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued 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). The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. Research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Truist Financial reduced their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, August 2nd. Finally, Roth Mkm reduced their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.96.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.