Profund Advisors LLC Has $21.54 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Profund Advisors LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 695,535 shares of the chip maker’s stock after acquiring an additional 44,701 shares during the quarter. Intel makes up approximately 0.8% of Profund Advisors LLC’s investment portfolio, making the stock its 20th largest position. Profund Advisors LLC’s holdings in Intel were worth $21,541,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wedbush dropped their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a research note on Monday, September 16th. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Cantor Fitzgerald decreased their target price on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barclays cut their price target on Intel from $40.00 to $25.00 and set an “equal weight” 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 given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.04.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Intel Trading Up 3.3 %

Shares of Intel stock opened at $21.84 on Friday. The firm’s 50-day moving average price is $23.67 and its two-hundred day moving average price is $30.90. The company has a market capitalization of $92.97 billion, a price-to-earnings ratio of 22.75 and a beta of 1.03. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (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 1.78%. The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the business earned ($0.05) earnings per share. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

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 dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.29%. Intel’s dividend payout ratio is currently 52.08%.

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.