MidWestOne Financial Group Inc. Has $2.27 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

MidWestOne Financial Group Inc. increased its position in Intel Co. (NASDAQ:INTC) by 19.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,280 shares of the chip maker’s stock after buying an additional 11,902 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Intel were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management raised its stake in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares during the last quarter. NBC Securities Inc. lifted its holdings in Intel by 2.6% during the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after buying an additional 418 shares during the period. Red Mountain Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at about $859,000. Cetera Investment Advisers increased its stake in shares of Intel by 262.9% in the first quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock valued at $34,768,000 after buying an additional 570,249 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in shares of Intel by 16.0% during the second quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock worth $560,000 after acquiring an additional 2,492 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 0.0 %

INTC opened at $23.91 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The company’s 50-day moving average is $22.58 and its 200 day moving average is $30.25. The firm has a market capitalization of $101.78 billion, a P/E ratio of 24.91 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its 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 during 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%. Intel’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) EPS. 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. Stockholders 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 dividend yield of 2.09%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INTC shares. Wedbush decreased their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. 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 report on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Raymond James lowered Intel from an “outperform” rating to a “market perform” rating in a research report 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 stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $32.04.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by insiders.

About Intel

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.