KMG Fiduciary Partners LLC Purchases 93,599 Shares of Intel Co. (NASDAQ:INTC)

KMG Fiduciary Partners LLC increased its position in Intel Co. (NASDAQ:INTC) by 41.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 317,633 shares of the chip maker’s stock after buying an additional 93,599 shares during the period. KMG Fiduciary Partners LLC’s holdings in Intel were worth $7,452,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tributary Capital Management LLC bought a new stake in Intel during the 1st quarter valued at approximately $27,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Intel during the first quarter worth $36,000. America First Investment Advisors LLC purchased a new position in Intel during the second quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at $27,000. Finally, Spartan Fund Management Inc. purchased a new stake in Intel in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC opened at $22.77 on Friday. The firm has a market capitalization of $96.93 billion, a PE ratio of 23.72 and a beta of 1.03. The business’s 50-day moving average is $21.40 and its two-hundred day moving average is $28.14. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. Research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were paid a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. Intel’s payout ratio is 52.08%.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Susquehanna reduced their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Roth Mkm decreased their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Finally, Mizuho downgraded shares of Intel from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. Six research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.92.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel 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.