Mather Group LLC. Increases Stake in Intel Co. (NASDAQ:INTC)

Mather Group LLC. raised its position in shares of Intel Co. (NASDAQ:INTC) by 67.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,598 shares of the chip maker’s stock after purchasing an additional 17,562 shares during the quarter. Mather Group LLC.’s holdings in Intel were worth $1,350,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. RVW Wealth LLC raised its holdings in Intel by 6.4% in the 2nd quarter. RVW Wealth LLC now owns 6,675 shares of the chip maker’s stock worth $207,000 after acquiring an additional 400 shares during the last quarter. Marathon Strategic Advisors LLC purchased a new position in shares of Intel in the second quarter worth $2,071,000. Bank & Trust Co purchased a new position in shares of Intel in the second quarter worth $611,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Intel during the second quarter valued at $562,000. Finally, DNB Asset Management AS boosted its position in shares of Intel by 138.1% during the second quarter. DNB Asset Management AS now owns 5,686,576 shares of the chip maker’s stock valued at $176,113,000 after buying an additional 3,298,457 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Evercore ISI lowered their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a research report on Friday, April 26th. Jefferies Financial Group initiated coverage on shares of Intel in a research report on Monday, May 13th. They issued a “hold” rating and a $34.00 target price for the company. Sanford C. Bernstein decreased their target price on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $32.92.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.28 during trading on Tuesday, hitting $19.83. 106,500,528 shares of the company’s stock were exchanged, compared to its average volume of 51,055,516. The business’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $36.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a 52-week low of $19.29 and a 52-week high of $51.28. The company has a market cap of $84.42 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 17.38 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced 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 analysts’ expectations of $12.92 billion. During the same period last year, the business earned ($0.05) earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s payout ratio is currently 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.