Intel Co. (NASDAQ:INTC) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 31.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,877 shares of the chip maker’s stock after selling 6,486 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Intel were worth $430,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. DDFG Inc acquired a new position in shares of Intel during the fourth quarter worth about $205,000. Gryphon Financial Partners LLC raised its holdings in shares of Intel by 8.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock valued at $1,060,000 after purchasing an additional 1,601 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the last quarter. Congress Wealth Management LLC DE lifted its position in shares of Intel by 15.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 19,161 shares of the chip maker’s stock worth $963,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Intel by 4.5% in the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock valued at $288,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INTC. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Friday, August 2nd. Roth Mkm reduced their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $32.04.

Intel Stock Performance

Shares of INTC opened at $21.84 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company’s 50 day simple moving average is $23.67 and its 200 day simple moving average is $30.80. 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 debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. On average, sell-side analysts predict that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

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.