SPC Financial Inc. Has $256,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

SPC Financial Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 41.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,929 shares of the chip maker’s stock after selling 7,627 shares during the period. SPC Financial Inc.’s holdings in Intel were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tributary Capital Management LLC bought a new position in shares of Intel during the 1st quarter worth approximately $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel during the 1st quarter valued at $36,000. America First Investment Advisors LLC bought a new position in Intel during the second quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter valued at $27,000. Finally, Spartan Fund Management Inc. bought a new position in shares of Intel in the second quarter valued at about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 0.6 %

Shares of Intel stock opened at $22.44 on Friday. The firm’s 50 day moving average is $21.34 and its 200 day moving average is $28.29. The firm has a market capitalization of $95.53 billion, a PE ratio of 23.38 and a beta of 1.03. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share 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 the consensus estimate of $12.92 billion. During the same period in the previous year, the firm posted ($0.05) EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.23%. Intel’s dividend payout ratio is presently 52.08%.

Insider Activity

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 37,975 shares of the company’s stock, valued at $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Roth Mkm reduced their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday. 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 note on Friday, August 2nd. Wedbush lowered their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.92.

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.