Strategic Blueprint LLC Reduces Holdings in Intel Co. (NASDAQ:INTC)

Strategic Blueprint LLC decreased its position in Intel Co. (NASDAQ:INTC) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,284 shares of the chip maker’s stock after selling 2,766 shares during the period. Strategic Blueprint LLC’s holdings in Intel were worth $257,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. lifted its holdings in shares of Intel by 4.5% in the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after acquiring an additional 247 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of 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 acquiring an additional 249 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of 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 acquiring an additional 251 shares during the last quarter. Summit Financial Strategies Inc. lifted its holdings in shares of Intel by 3.7% in the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock worth $371,000 after acquiring an additional 265 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Intel by 5.5% in the 4th quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock worth $261,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Mizuho lowered shares of Intel from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $22.00 in a report on Thursday, August 8th. Roth Mkm decreased their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Northland Securities reduced their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Susquehanna reduced their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $32.04.

Intel Trading Up 2.7 %

NASDAQ INTC opened at $20.13 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The firm’s fifty day moving average price is $27.63 and its 200 day moving average price is $33.66. The company has a market capitalization of $85.69 billion, a price-to-earnings ratio of 20.97, 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.

Intel (NASDAQ:INTC) last posted its earnings results 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 net margin of 1.77% and a return on equity of 1.82%. The company had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts expect that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed 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. This represents a $0.50 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 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, with a total value of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

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.