Legacy Financial Advisors Inc. Buys 3,708 Shares of Intel Co. (NASDAQ:INTC)

Legacy Financial Advisors Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 13.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,811 shares of the chip maker’s stock after purchasing an additional 3,708 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Intel were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INTC. DDFG Inc bought a new position in Intel during the fourth quarter worth about $205,000. Gryphon Financial Partners LLC lifted its holdings in shares of Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after buying an additional 1,601 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Intel during the fourth quarter worth about $501,000. Trexquant Investment LP raised its stake in Intel by 69.0% in the 4th quarter. Trexquant Investment LP now owns 71,126 shares of the chip maker’s stock worth $3,574,000 after purchasing an additional 29,040 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in Intel in the 4th quarter valued at about $1,901,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, Roth Mkm lowered their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $32.04.

Intel Price Performance

Intel stock opened at $21.84 on Friday. The firm has a market capitalization of $92.97 billion, a P/E ratio of 22.75 and a beta of 1.03. Intel Co. has a one year low of $18.51 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. The business has a fifty day moving average price of $23.67 and a 200-day moving average price of $30.98.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

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.