Windward Capital Management Co. CA Lowers Position in Intel Co. (NASDAQ:INTC)

Windward Capital Management Co. CA decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 58,589 shares of the chip maker’s stock after selling 2,715 shares during the period. Windward Capital Management Co. CA’s holdings in Intel were worth $1,815,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Letko Brosseau & Associates Inc. purchased a new position in shares of Intel in the 2nd quarter valued at $24,033,000. Candriam S.C.A. boosted its position in Intel by 10.2% during the second quarter. Candriam S.C.A. now owns 1,015,457 shares of the chip maker’s stock valued at $31,447,000 after purchasing an additional 93,664 shares in the last quarter. Private Advisor Group LLC grew its stake in Intel by 6.4% in the second quarter. Private Advisor Group LLC now owns 478,900 shares of the chip maker’s stock valued at $14,832,000 after purchasing an additional 28,840 shares during the last quarter. New York Life Investment Management LLC raised its holdings in Intel by 1.0% in the second quarter. New York Life Investment Management LLC now owns 659,040 shares of the chip maker’s stock worth $20,410,000 after purchasing an additional 6,375 shares in the last quarter. Finally, Wellington Shields Capital Management LLC lifted its position in shares of Intel by 7.4% during the second quarter. Wellington Shields Capital Management LLC now owns 14,616 shares of the chip maker’s stock valued at $453,000 after buying an additional 1,008 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.6 %

Shares of Intel stock opened at $18.89 on Friday. The firm has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $32.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a fifty-two week low of $18.64 and a fifty-two week high of $51.28. The company has a market cap of $80.41 billion, a P/E ratio of 19.68 and a beta of 1.05.

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 analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. As a group, equities analysts predict that Intel Co. will post -0.46 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 yield of 2.65%. Intel’s dividend payout ratio is currently 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was purchased 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 directly owns 37,975 shares in the company, valued at $765,576. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTC. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. TD Cowen decreased their price objective on Intel from $35.00 to $25.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Truist Financial dropped their target price on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Finally, Benchmark downgraded Intel from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.