Brooktree Capital Management Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Brooktree Capital Management reduced its position in Intel Co. (NASDAQ:INTC – Get Rating) by 26.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 31,038 shares of the chip maker’s stock after selling 10,982 shares during the period. Intel makes up approximately 1.0% of Brooktree Capital Management’s holdings, making the stock its 24th largest holding. Brooktree Capital Management’s holdings in Intel were worth $1,538,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Landmark Wealth Management LLC purchased a new stake in Intel in the first quarter worth $31,000. Joseph Group Capital Management purchased a new stake in Intel in the fourth quarter worth $887,000. Lansing Street Advisors purchased a new stake in Intel in the first quarter worth $28,000. Lloyd Advisory Services LLC. increased its position in Intel by 2,835.0% in the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock worth $29,000 after buying an additional 567 shares during the last quarter. Finally, Emerald Advisers LLC purchased a new position in shares of Intel in the first quarter valued at $38,000. 62.74% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock traded down $0.27 during mid-day trading on Friday, hitting $35.39. 40,205,089 shares of the stock were exchanged, compared to its average volume of 43,986,424. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.41. The business has a fifty day moving average price of $38.82 and a 200 day moving average price of $44.16. Intel Co. has a 12 month low of $35.18 and a 12 month high of $56.28. The stock has a market capitalization of $145.31 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 2.10 and a beta of 0.62.

Intel (NASDAQ:INTC – Get Rating) last released its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. During the same period last year, the firm posted $1.28 EPS. The company’s revenue was down 17.3% on a year-over-year basis. On average, sell-side analysts anticipate that Intel Co. will post 2.26 EPS for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Friday, August 5th. Intel’s dividend payout ratio (DPR) is presently 31.26%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group reduced their price target on Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. DZ Bank cut Intel from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a research report on Tuesday. StockNews.com cut Intel from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Truist Financial reduced their price target on Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Finally, Robert W. Baird cut Intel from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $60.00 to $40.00 in a research report on Friday, July 29th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.83.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.