Great Diamond Partners LLC Has $351,000 Stake in Intel Co. (NASDAQ:INTC)

Great Diamond Partners LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,331 shares of the chip maker’s stock after selling 1,037 shares during the quarter. Great Diamond Partners LLC’s holdings in Intel were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the fourth quarter valued at about $27,000. Burkett Financial Services LLC acquired a new position in Intel during the 4th quarter worth approximately $27,000. Tributary Capital Management LLC bought a new position in shares of Intel during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the second quarter worth $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

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

Intel Stock Up 9.5 %

NASDAQ INTC traded up $1.91 during trading hours on Friday, reaching $22.04. 177,563,785 shares of the company’s stock traded hands, compared to its average volume of 53,623,316. Intel Co. has a 52-week low of $18.84 and a 52-week high of $51.28. The firm has a 50-day simple moving average of $27.24 and a 200 day simple moving average of $33.41. The firm has a market cap of $93.82 billion, a PE ratio of 22.96, a PEG ratio of 17.38 and a beta of 1.05. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.82%. Intel’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Sell-side analysts anticipate that Intel Co. will post 0.07 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 7th. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTC. Truist Financial reduced their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Susquehanna decreased their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a 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 given a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $32.04.

Intel Company Profile

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.