Intel Co. (NASDAQ:INTC) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,187 shares of the chip maker’s stock after buying an additional 1,000 shares during the quarter. Highland Capital Management LLC’s holdings in Intel were worth $333,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC purchased a new stake in Intel during the first quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Intel during the first quarter worth approximately $36,000. America First Investment Advisors LLC purchased a new stake in Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the second quarter worth approximately $27,000. Finally, Spartan Fund Management Inc. purchased a new stake in Intel during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INTC shares. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Truist Financial reduced their price objective on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Finally, Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. 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 company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $30.80.

Intel Stock Up 1.5 %

INTC opened at $22.68 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The firm has a market cap of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The business’s fifty day simple moving average is $21.62 and its 200 day simple moving average is $27.38.

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

Intel Announces Dividend

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 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 yield of 2.20%. Intel’s dividend payout ratio (DPR) is presently 217.40%.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently 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.