Intel Co. (NASDAQ:INTC) Stock Holdings Trimmed by Occidental Asset Management LLC

Occidental Asset Management LLC reduced its position in Intel Co. (NASDAQ:INTC) by 14.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,621 shares of the chip maker’s stock after selling 1,833 shares during the quarter. Occidental Asset Management LLC’s holdings in Intel were worth $355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walker Financial Services Inc. boosted its stake in Intel by 1.5% in the second quarter. Walker Financial Services Inc. now owns 32,644 shares of the chip maker’s stock valued at $1,092,000 after acquiring an additional 487 shares during the period. Selective Wealth Management Inc. acquired a new position in shares of Intel during the second quarter worth approximately $3,251,000. Janiczek Wealth Management LLC boosted its position in shares of Intel by 17.3% during the second quarter. Janiczek Wealth Management LLC now owns 10,378 shares of the chip maker’s stock worth $347,000 after buying an additional 1,529 shares during the period. Kathmere Capital Management LLC acquired a new position in shares of Intel during the second quarter worth approximately $313,000. Finally, Flagship Harbor Advisors LLC boosted its position in shares of Intel by 6.2% during the second quarter. Flagship Harbor Advisors LLC now owns 27,795 shares of the chip maker’s stock worth $929,000 after buying an additional 1,620 shares during the period. 60.84% of the stock is owned by institutional investors.

Intel Stock Up 0.3 %

INTC stock opened at $37.99 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.60. Intel Co. has a 52-week low of $24.59 and a 52-week high of $40.07. The company has a 50-day moving average of $35.00 and a two-hundred day moving average of $32.28.

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

Intel Dividend Announcement

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

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. UBS Group boosted their price objective on Intel from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, July 28th. Needham & Company LLC upped their target price on Intel from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Citigroup upped their target price on Intel from $29.50 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 18th. Evercore ISI upped their target price on Intel from $36.00 to $40.00 and gave the stock an “in-line” rating in a research report on Friday, July 28th. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Thursday, July 27th. Six analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.55.

Insiders Place Their Bets

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

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.