TCI Wealth Advisors Inc. Has $485,000 Position in Intel Co. (NASDAQ:INTC)

TCI Wealth Advisors Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,667 shares of the chip maker’s stock after selling 4,109 shares during the period. TCI Wealth Advisors Inc.’s holdings in Intel were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new position in shares of Intel in the 2nd quarter valued at $25,000. Tributary Capital Management LLC acquired a new position in Intel during the first quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel in the second quarter worth about $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel during the 2nd quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. UBS Group lowered their target price on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Roth Mkm cut their price target on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Truist Financial lowered their price objective on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, August 2nd. Finally, Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.80.

Intel Stock Up 2.1 %

Shares of Intel stock traded up $0.48 during trading hours on Monday, reaching $23.16. The company’s stock had a trading volume of 18,721,771 shares, compared to its average volume of 58,391,984. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The stock’s fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $27.38. The company has a market capitalization of $99.03 billion, a P/E ratio of 100.61 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

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

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.16%. Intel’s dividend payout ratio is currently 217.40%.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by 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.