Aviso Wealth Management Invests $320,000 in Intel Co. (NASDAQ:INTC)

Aviso Wealth Management purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 10,342 shares of the chip maker’s stock, valued at approximately $320,000.

Several other hedge funds also recently modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in shares of Intel during the 2nd quarter worth $25,000. Tributary Capital Management LLC acquired a new position in shares of Intel during the 1st quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were 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 owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have 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. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Monday, September 23rd. 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, Northland Securities lowered their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. 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.com, the company currently has a consensus rating of “Hold” and an average price target of $32.04.

Intel Trading Down 0.0 %

Shares of INTC stock opened at $23.91 on Friday. 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 $101.78 billion, a P/E ratio of 24.91 and a beta of 1.03. The firm has a 50-day moving average price of $22.58 and a 200 day moving average price of $30.14. The company has a quick ratio of 1.24, a current ratio of 1.59 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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the business earned ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. Intel’s payout ratio is 52.08%.

Intel Company 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.