Brighton Jones LLC Has $8.19 Million Stake in Intel Co. (NASDAQ:INTC)

Brighton Jones LLC increased its stake in Intel Co. (NASDAQ:INTC) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 145,919 shares of the chip maker’s stock after purchasing an additional 1,615 shares during the period. Intel accounts for approximately 0.4% of Brighton Jones LLC’s holdings, making the stock its 25th biggest position. Brighton Jones LLC’s holdings in Intel were worth $8,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. World Asset Management Inc lifted its holdings in Intel by 0.6% in the 2nd quarter. World Asset Management Inc now owns 137,032 shares of the chip maker’s stock worth $7,693,000 after purchasing an additional 828 shares during the last quarter. Inverness Counsel LLC NY lifted its holdings in Intel by 21.4% in the 2nd quarter. Inverness Counsel LLC NY now owns 572,315 shares of the chip maker’s stock worth $32,130,000 after purchasing an additional 100,957 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Intel by 40.1% in the 2nd quarter. Larson Financial Group LLC now owns 3,712 shares of the chip maker’s stock worth $208,000 after purchasing an additional 1,062 shares during the last quarter. Blume Capital Management Inc. lifted its holdings in Intel by 3.9% in the 2nd quarter. Blume Capital Management Inc. now owns 83,811 shares of the chip maker’s stock worth $4,705,000 after purchasing an additional 3,117 shares during the last quarter. Finally, CapWealth Advisors LLC increased its position in Intel by 5,818.2% in the 2nd quarter. CapWealth Advisors LLC now owns 188,850 shares of the chip maker’s stock worth $10,602,000 after buying an additional 185,659 shares during the period. Hedge funds and other institutional investors own 62.24% of the company’s stock.

Several research analysts have commented on the company. Evercore ISI dropped their price target on Intel from $75.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, July 23rd. Wells Fargo & Company dropped their price target on Intel from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, July 23rd. Mizuho dropped their price target on Intel from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, July 23rd. Truist dropped their price target on Intel from $69.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, July 23rd. Finally, Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 9th. Eleven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.65.

NASDAQ INTC traded up $0.37 on Wednesday, reaching $54.89. The company had a trading volume of 309,429 shares, compared to its average volume of 28,327,148. The stock’s 50 day moving average is $54.14 and its 200-day moving average is $57.73. The stock has a market cap of $222.69 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.50 and a beta of 0.60. The company has a quick ratio of 1.63, a current ratio of 1.99 and a debt-to-equity ratio of 0.37. Intel Co. has a 52 week low of $43.61 and a 52 week high of $68.49.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The business had revenue of $18.50 billion during the quarter, compared to the consensus estimate of $17.80 billion. Intel had a return on equity of 27.24% and a net margin of 23.91%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. As a group, analysts forecast that Intel Co. will post 4.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Saturday, August 7th were issued a $0.3475 dividend. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $1.39 annualized dividend and a dividend yield of 2.53%. Intel’s dividend payout ratio (DPR) is currently 26.23%.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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