Aprio Wealth Management LLC Has $206,000 Stake in Intel Co. (NASDAQ:INTC)

Aprio Wealth Management LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,769 shares of the chip maker’s stock after selling 1,221 shares during the period. Aprio Wealth Management LLC’s holdings in Intel were worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Werlinich Asset Management LLC grew its holdings in shares of Intel by 38.2% in the 3rd quarter. Werlinich Asset Management LLC now owns 60,550 shares of the chip maker’s stock worth $1,421,000 after purchasing an additional 16,725 shares during the last quarter. Affinity Capital Advisors LLC grew its stake in Intel by 15.6% during the third quarter. Affinity Capital Advisors LLC now owns 14,717 shares of the chip maker’s stock worth $345,000 after buying an additional 1,982 shares during the last quarter. Value Partners Investments Inc. increased its holdings in shares of Intel by 8.6% during the third quarter. Value Partners Investments Inc. now owns 12,751 shares of the chip maker’s stock worth $299,000 after buying an additional 1,011 shares in the last quarter. MKT Advisors LLC raised its stake in shares of Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares during the last quarter. Finally, Everpar Advisors LLC boosted its holdings in shares of Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the acquisition, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC stock opened at $23.32 on Wednesday. The stock has a 50-day moving average price of $21.47 and a two-hundred day moving average price of $29.21. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The stock has a market cap of $99.27 billion, a PE ratio of 24.29 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last announced its earnings results 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 analyst estimates of $12.92 billion. During the same period in the prior year, the business posted ($0.05) EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Cantor Fitzgerald cut their price target on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Roth Mkm dropped their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Six investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.96.

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.