Delos Wealth Advisors LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Delos Wealth Advisors LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 19,318.2% during the second quarter, Holdings Channel reports. The firm owned 8,544 shares of the chip maker’s stock after purchasing an additional 8,500 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Intel were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its stake in Intel by 4.5% during the 4th 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. Summit Financial Strategies Inc. grew its holdings in shares of Intel by 3.7% in the fourth quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock worth $371,000 after acquiring an additional 265 shares during the period. Cape Investment Advisory Inc. increased its position in Intel by 5.5% during the fourth quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock valued at $261,000 after acquiring an additional 270 shares during the last quarter. Copperwynd Financial LLC lifted its holdings in Intel by 0.6% in the fourth quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock valued at $2,283,000 after acquiring an additional 273 shares during the period. Finally, Adirondack Trust Co. boosted its position in Intel by 0.5% in the first quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock worth $2,287,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $21.84 on Friday. The business’s 50-day moving average is $23.67 and its 200 day moving average is $30.90. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a market capitalization of $92.97 billion, a P/E ratio of 22.75 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 quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

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

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought 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 directly owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Truist Financial decreased their price target on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Cantor Fitzgerald cut their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho lowered Intel from an “outperform” rating to a “neutral” rating and cut their price target for the company from $36.00 to $22.00 in a report on Thursday, August 8th. Six equities 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.04.

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.