Intel Co. (NASDAQ:INTC) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in Intel Co. (NASDAQ:INTC) by 74.1% during the second quarter, Holdings Channel.com reports. The firm owned 12,043 shares of the chip maker’s stock after acquiring an additional 5,124 shares during the period. Edgestream Partners L.P.’s holdings in Intel were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Primecap Management Co. CA raised its holdings in shares of Intel by 2.2% in the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock valued at $2,410,166,000 after purchasing an additional 1,697,550 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Intel by 15.8% in the 2nd quarter. Moors & Cabot Inc. now owns 139,043 shares of the chip maker’s stock valued at $4,306,000 after purchasing an additional 19,022 shares in the last quarter. Excalibur Management Corp raised its holdings in shares of Intel by 8.1% in the 2nd quarter. Excalibur Management Corp now owns 63,070 shares of the chip maker’s stock valued at $1,953,000 after purchasing an additional 4,723 shares in the last quarter. WealthPLAN Partners LLC raised its holdings in shares of Intel by 10.8% in the 2nd quarter. WealthPLAN Partners LLC now owns 87,662 shares of the chip maker’s stock valued at $2,715,000 after purchasing an additional 8,534 shares in the last quarter. Finally, Wulff Hansen & CO. raised its stake in Intel by 2,425.1% during the 2nd quarter. Wulff Hansen & CO. now owns 945,576 shares of the chip maker’s stock worth $30,532,000 after acquiring an additional 908,129 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 3.3 %

INTC stock opened at $21.84 on Monday. The company has a market cap of $92.97 billion, a P/E ratio of 22.75 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 company’s 50-day moving average price is $23.67 and its 200 day moving average price is $30.80. 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 released 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 analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, research analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given 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 was Wednesday, August 7th. Intel’s payout ratio is currently 52.08%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group cut their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, August 2nd. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Finally, Truist Financial cut their price target on shares of Intel from $33.00 to $25.00 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 issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $32.04.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.