Moors & Cabot Inc. Increases Stake in Intel Co. (NASDAQ:INTC)

Moors & Cabot Inc. boosted its position in shares of Intel Co. (NASDAQ:INTC) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 139,043 shares of the chip maker’s stock after purchasing an additional 19,022 shares during the quarter. Moors & Cabot Inc.’s holdings in Intel were worth $4,306,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Excalibur Management Corp boosted its holdings in shares of Intel by 8.1% during the 2nd quarter. Excalibur Management Corp now owns 63,070 shares of the chip maker’s stock valued at $1,953,000 after acquiring an additional 4,723 shares during the last quarter. WealthPLAN Partners LLC boosted its holdings in shares of Intel by 10.8% during the 2nd quarter. WealthPLAN Partners LLC now owns 87,662 shares of the chip maker’s stock valued at $2,715,000 after acquiring an additional 8,534 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Intel by 2,425.1% during the 2nd quarter. Wulff Hansen & CO. now owns 945,576 shares of the chip maker’s stock valued at $30,532,000 after acquiring an additional 908,129 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Intel by 70.3% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 69,114 shares of the chip maker’s stock valued at $2,140,000 after acquiring an additional 28,531 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its holdings in shares of Intel by 3.5% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 22,053 shares of the chip maker’s stock valued at $683,000 after acquiring an additional 748 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 6.4 %

Shares of INTC opened at $20.91 on Tuesday. 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 Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $31.45. The firm has a market cap of $89.41 billion, a P/E ratio of 21.78 and a beta of 1.03.

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 net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same period last year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday. Cantor Fitzgerald lowered their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Truist Financial lowered their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Wedbush lowered their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.04.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased 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 in the company, valued at approximately $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by insiders.

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.