Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by WBH Advisory Inc.

WBH Advisory Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 11.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 20,779 shares of the chip maker’s stock after selling 2,678 shares during the period. WBH Advisory Inc.’s holdings in Intel were worth $644,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Intel by 0.9% in the first quarter. Vanguard Group Inc. now owns 389,098,435 shares of the chip maker’s stock worth $17,186,478,000 after purchasing an additional 3,310,528 shares in the last quarter. Capital International Investors boosted its position in Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock valued at $4,951,174,000 after purchasing an additional 15,475,631 shares during the last quarter. Primecap Management Co. CA grew its stake in Intel by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 75,237,927 shares of the chip maker’s stock valued at $3,780,706,000 after purchasing an additional 475,636 shares in the last quarter. Norges Bank acquired a new position in Intel in the 4th quarter worth about $2,424,202,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Intel by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker’s stock worth $1,759,811,000 after purchasing an additional 2,457,243 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction on Monday, August 5th. The shares were bought at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their target price on Intel from $29.00 to $22.00 and set a “sell” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Price Performance

NASDAQ:INTC traded down $0.61 during mid-day trading on Friday, hitting $19.88. The company’s stock had a trading volume of 9,909,128 shares, compared to its average volume of 51,395,242. Intel Co. has a fifty-two week low of $18.84 and a fifty-two week high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $30.50 and a 200-day moving average of $36.09. The company has a market capitalization of $84.63 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 1.77% and a return on equity of 1.82%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.52%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

About Intel

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.