ProShare Advisors LLC Has $160.84 Million Holdings in Intel Co. (NASDAQ:INTC)

ProShare Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 5,193,471 shares of the chip maker’s stock after selling 310,106 shares during the period. ProShare Advisors LLC’s holdings in Intel were worth $160,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new stake in Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC purchased a new position in Intel during the 1st quarter worth $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 1st quarter worth $36,000. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter valued at about $25,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Intel during the fourth quarter valued at about $46,000. 64.53% of the stock is owned by institutional investors.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the business’s stock in a transaction 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 purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

NASDAQ INTC opened at $21.84 on Friday. The company’s 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $30.90. The stock has a market capitalization of $92.97 billion, a PE ratio of 22.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) 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 business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the business posted ($0.05) EPS. Intel’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict 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. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Benchmark lowered Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Daiwa America upgraded Intel to a “hold” rating in a research note on Monday, August 26th. Finally, Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Six equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.04.

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.