70,324 Shares in Intel Co. (NASDAQ:INTC) Purchased by William B. Walkup & Associates Inc.

William B. Walkup & Associates Inc. bought a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 70,324 shares of the chip maker's stock, valued at approximately $2,178,000. Intel accounts for approximately 1.4% of William B. Walkup & Associates Inc.'s portfolio, making the stock its 20th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its holdings in Intel by 543.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker's stock worth $1,878,572,000 after purchasing an additional 31,575,084 shares during the last quarter. Capital International Investors raised its stake in shares of Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker's stock worth $4,951,174,000 after buying an additional 15,475,631 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Intel by 60.5% in the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker's stock worth $1,071,308,000 after buying an additional 13,035,566 shares in the last quarter. Davis Selected Advisers grew its stake in Intel by 86.2% in the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker's stock valued at $391,533,000 after acquiring an additional 5,851,098 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in Intel during the 2nd quarter valued at about $162,592,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. Barclays reduced their price target on shares of Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. TD Cowen raised Intel to a "hold" rating in a research report on Monday, September 16th. Mizuho cut Intel from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $36.00 to $22.00 in a report on Thursday, August 8th. Roth Mkm decreased their price objective on Intel from $35.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, UBS Group cut their target price on shares of Intel from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.04.

Intel Stock Down 1.9 %

Intel stock traded down $0.45 during trading on Monday, reaching $23.46. 66,322,239 shares of the company's stock were exchanged, compared to its average volume of 59,265,828. The company's 50-day moving average is $22.58 and its two-hundred day moving average is $30.05. 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 52-week low of $18.51 and a 52-week high of $51.28. The firm has a market cap of $99.87 billion, a price-to-earnings ratio of 24.38 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 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 company had revenue of $12.80 billion for the quarter, compared to analyst estimates of $12.92 billion. During the same period last year, the firm posted ($0.05) earnings per share. The business's revenue was down .8% on a year-over-year basis. On average, analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.13%. Intel's dividend payout ratio is currently 52.08%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the company's stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate 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.