9,353 Shares in Intel Co. (NASDAQ:INTC) Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC bought a new position in Intel Co. (NASDAQ:INTC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,353 shares of the chip maker’s stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Moneta Group Investment Advisors LLC raised its holdings in shares of Intel by 100,953.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 51,133,863 shares of the chip maker’s stock worth $1,351,468,000 after purchasing an additional 51,083,262 shares in the last quarter. Norges Bank bought a new position in shares of Intel in the fourth quarter valued at $1,092,939,000. Clearbridge Investments LLC lifted its position in shares of Intel by 4,407.3% during the 1st quarter. Clearbridge Investments LLC now owns 16,439,207 shares of the chip maker’s stock valued at $814,727,000 after acquiring an additional 16,074,485 shares during the last quarter. Morgan Stanley boosted its stake in shares of Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares in the last quarter. Finally, FIL Ltd grew its holdings in shares of Intel by 116.1% in the 1st quarter. FIL Ltd now owns 17,892,208 shares of the chip maker’s stock worth $584,538,000 after acquiring an additional 9,614,072 shares during the last quarter. 60.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. Mizuho upped their target price on Intel from $33.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, July 28th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Thursday, July 27th. TD Cowen lifted their target price on shares of Intel from $31.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Evercore ISI upped their price target on shares of Intel from $36.00 to $40.00 and gave the company an “in-line” rating in a research report on Friday, July 28th. Finally, StockNews.com began coverage on shares of Intel in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Six analysts have rated the stock with a sell rating, twenty-two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $33.55.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 3,250 shares of Intel stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $35.87 per share, with a total value of $116,577.50. Following the completion of the transaction, the chief executive officer now owns 139,715 shares of the company’s stock, valued at $5,011,577.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 3,850 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average cost of $34.63 per share, for a total transaction of $133,325.50. Following the completion of the purchase, the chief executive officer now directly owns 105,495 shares of the company’s stock, valued at approximately $3,653,291.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 3,250 shares of Intel stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $35.87 per share, with a total value of $116,577.50. Following the transaction, the chief executive officer now directly owns 139,715 shares in the company, valued at approximately $5,011,577.05. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of Intel stock opened at $37.88 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $35.00 and a 200-day simple moving average of $32.28. The stock has a market capitalization of $158.64 billion, a price-to-earnings ratio of -172.17 and a beta of 0.89. Intel Co. has a 1-year low of $24.59 and a 1-year high of $40.07.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.14. Intel had a negative net margin of 1.71% and a positive return on equity of 1.70%. The firm had revenue of $12.95 billion during the quarter, compared to analyst estimates of $12.03 billion. On average, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, August 4th. Intel’s dividend payout ratio (DPR) is currently -227.26%.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and accelerators, boards and systems, connectivity products, and memory and storage products.