Moody National Bank Trust Division Grows Position in Intel Co. (NASDAQ:INTC)

Moody National Bank Trust Division lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,407 shares of the chip maker’s stock after purchasing an additional 1,471 shares during the quarter. Moody National Bank Trust Division’s holdings in Intel were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INTC. Slow Capital Inc. boosted its holdings in Intel by 0.9% during the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after acquiring an additional 508 shares during the period. Altus Wealth Group LLC boosted its holdings in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after acquiring an additional 5,759 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in Intel by 3.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock valued at $4,764,000 after acquiring an additional 2,915 shares during the period. Brookstone Capital Management boosted its holdings in Intel by 65.2% during the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after acquiring an additional 27,274 shares during the period. Finally, Callan Capital LLC boosted its holdings in Intel by 9.1% during the 4th quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock valued at $884,000 after acquiring an additional 1,474 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INTC shares. Wells Fargo & Company reduced their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $38.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Wedbush reduced their price target on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday. TD Cowen reduced their price target on Intel from $35.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Morgan Stanley cut their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.92.

Intel Price Performance

Shares of Intel stock traded down $1.37 during trading on Monday, reaching $20.11. The company’s stock had a trading volume of 147,145,630 shares, compared to its average volume of 50,681,496. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $19.29 and a 12-month high of $51.28. The company has a market capitalization of $85.61 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 17.38 and a beta of 1.05. The business has a 50 day moving average price of $31.35 and a 200-day moving average price of $36.71.

Intel (NASDAQ:INTC) last posted 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). Intel had a net margin of 1.77% and a return on equity of 1.82%. The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter last year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post 0.07 EPS for the current year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.49%. Intel’s dividend payout ratio is presently 52.08%.

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.