Shares of Intel Co. (NASDAQ:INTC) bought by Caprock Group LLC

VaselineSeptember 9, 2024

0 3 minutes read

Caprock Group LLC increased its stake in Intel Co. (NASDAQ:INTC – Free Report) by 51.2% during the second quarter, HoldingsChannel.com reports. The firm owned 68,884 shares of the chip maker’s stock after buying an additional 23,333 shares during the period. Caprock Group LLC’s holdings in Intel were worth $2,133,000 at the end of the most recent quarter.

Several other institutional investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in Intel in the 4th quarter valued at approximately $27,000. Tributary Capital Management LLC purchased a new position in Intel in the first quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new stake in Intel in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s shares.

Intel trading down 2.6%

NASDAQ INTC opened at $18.89 on Monday. Intel Co. it has a one year low of $18.64 and a one year high of $51.28. The firm has a market cap of $80.77 billion, a PE ratio of 19.68 and a beta of 1.03. The company’s fifty day moving average is $26.17 and its two hundred day moving average is $32.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24, and a current ratio of 1.59.

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Intel (NASDAQ:INTC – Get Free Report ) last issued 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 company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. In the same quarter last year, the firm earned ($0.05) EPS. The company’s revenue fell 0.8% year-over-year. Analysts expect Intel Co. will record -0.47 earnings per share for the current year.

Intel announces dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents an annualized dividend of $0.50 and a dividend yield of 2.65%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

The Wall Street analyst weighs in

A number of research analysts recently weighed in on the stock. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen decreased their price objective on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $23.00 in a report on Friday, August 2. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company. Intel currently has a consensus rating of “Hold” and a consensus price target of $32.04, according to MarketBeat.com.

Get the latest stock report on Intel

Insider work at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. 0.04% of shares are currently held by insiders.

Intel profile

(Free report)

Intel Corporation designs, develops, manufactures, markets and sells computers and related products and services worldwide. It operates through the Client Computing Group, Data Center and AI, Network and Edge, Mobileye and Intel Foundry Services segments. The company’s product portfolio includes central processing units and chipsets, system-on-chips (SoCs) and multi-chip packages; mobile and desktop processors; hardware products including graphics processing units (GPUs), domain-specific accelerators and field-programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.