Diversified LLC Grows Position in Intel Co. (NASDAQ:INTC)

Diversified LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 30.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,943 shares of the chip maker’s stock after buying an additional 1,621 shares during the period. Diversified LLC’s holdings in Intel were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Johnson Financial Group Inc. boosted its stake in Intel by 4.5% during the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after purchasing an additional 247 shares during the period. Benjamin Edwards Inc. grew its holdings in Intel by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,974 shares of the chip maker’s stock worth $250,000 after buying an additional 249 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in Intel by 2.2% in the 4th quarter. Enterprise Financial Services Corp now owns 11,461 shares of the chip maker’s stock worth $576,000 after buying an additional 251 shares in the last quarter. Summit Financial Strategies Inc. increased its position in Intel by 3.7% in the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 265 shares during the period. Finally, Cape Investment Advisory Inc. raised its stake in Intel by 5.5% during the 4th quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock valued at $261,000 after acquiring an additional 270 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. Benchmark lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Sanford C. Bernstein cut their target price on Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lowered their price target on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Six 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. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $32.04.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired 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 owns 37,975 shares in the company, valued at $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Stock Up 2.2 %

NASDAQ INTC traded up $0.44 during trading hours on Friday, reaching $20.54. 73,398,430 shares of the company’s stock were exchanged, compared to its average volume of 52,838,734. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market capitalization of $87.44 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The company’s 50-day moving average is $28.28 and its two-hundred day moving average is $34.20. Intel Co. has a one year low of $18.84 and a one year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 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 company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company’s revenue was down .8% on a year-over-year basis. On average, analysts forecast that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. Intel’s dividend 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.