Intel Co. (NASDAQ:INTC) stock position was reduced by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. reduced its position in Intel Co. (NASDAQ:INTC – Free Report) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,952 shares of the chip maker’s stock after selling 682 shares during the quarter. Holdings held by GHP Investment Advisors Inc. in Intel were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter valued at $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. Burkett Financial Services LLC purchased a new stake in Intel in the fourth quarter valued at approximately $27,000. Tributary Capital Management LLC bought a new position in Intel in the 1st quarter valued at approximately $27,000. Finally, Spartan Fund Management Inc. purchased a new position in Intel in the second quarter valued at approximately $31,000. 64.53% of shares are owned by institutional investors and hedge funds.

Analysts set new price targets

Several brokerages have recently issued reports on INTC. Susquehanna cut their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Truist Financial cut their price target on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Northland Securities cut their price objective on shares of Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Goldman Sachs Group reduced their price target on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, August 2nd . Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus price target of $32.04, based on data from MarketBeat.

Get the latest stock report on INTC

Insider trading at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were purchased 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 available at this hyperlink. 0.04% of shares are currently owned by insiders.

Intel price performance

NASDAQ INTC opened at $19.66 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company’s fifty day moving average is $24.98 and its two hundred day moving average is $31.68. The stock has a market cap of $84.07 billion, a P/E ratio of 20.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24, and a current ratio of 1.59.

Intel (NASDAQ:INTC – Get Free Report ) last announced its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the company earned ($0.05) earnings per share. The company’s revenue for the quarter was down 0.8% year-over-year. On average, research analysts estimate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel announces dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. This represents an annualized dividend of $0.50 and a dividend yield of 2.54%. The ex-dividend date was Wednesday, August 7. Intel’s payout ratio is 52.08%.

About Intel

(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.

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