Elo Mutual Pension Insurance Co Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

Elo Mutual Pension Insurance Co raised its position in shares of Intel Co. (NASDAQ:INTC) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 390,600 shares of the chip maker’s stock after buying an additional 5,376 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Intel were worth $12,097,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new stake in shares of Intel in the second quarter worth about $25,000. Frazier Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in shares of Intel during the fourth quarter valued at about $27,000. Tributary Capital Management LLC bought a new position in Intel in the first quarter worth about $27,000. Finally, Spartan Fund Management Inc. purchased a new stake in Intel in the second quarter worth about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $21.47 on Wednesday. The business’s 50-day moving average is $24.45 and its 200 day moving average is $31.29. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a market capitalization of $91.40 billion, a P/E ratio of 22.36 and a beta of 1.03. 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 issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the company earned ($0.05) earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.33%. Intel’s payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Susquehanna lowered their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intel from $38.00 to $27.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Finally, Barclays lowered their price target on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel presently has an average 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.