Garde Capital Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,262 shares of the chip maker’s stock after selling 363 shares during the period. Garde Capital Inc.’s holdings in Intel were worth $1,401,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Epstein & White Financial LLC purchased a new position in shares of Intel in the 4th quarter worth about $217,000. Smith Salley & Associates increased its position in shares of Intel by 40.0% during the fourth quarter. Smith Salley & Associates now owns 6,997 shares of the chip maker’s stock valued at $328,000 after buying an additional 2,000 shares during the period. Grandview Asset Management LLC bought a new stake in shares of Intel during the fourth quarter valued at about $1,782,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Intel by 15.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 547,221 shares of the chip maker’s stock valued at $25,681,000 after buying an additional 75,216 shares during the period. Finally, Marietta Wealth Management LLC increased its position in shares of Intel by 95.9% during the fourth quarter. Marietta Wealth Management LLC now owns 53,391 shares of the chip maker’s stock valued at $2,506,000 after buying an additional 26,134 shares during the period. 65.89% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on INTC shares. Wedbush upped their price objective on shares of Intel from $37.50 to $42.90 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Cascend Securities restated a “buy” rating and issued a $65.00 price objective (up from $55.00) on shares of Intel in a research report on Friday, July 26th. Roth Capital set a $60.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup restated a “neutral” rating and issued a $53.00 price objective (up from $50.00) on shares of Intel in a research report on Friday, July 26th. Finally, Deutsche Bank restated a “buy” rating and issued a $62.00 price objective (up from $60.00) on shares of Intel in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $54.09.
In other news, Chairman Andy D. Bryant sold 13,609 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the sale, the chairman now owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Holmes Swan acquired 10,918 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the purchase, the chief executive officer now owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. In the last three months, insiders have sold 39,032 shares of company stock valued at $2,006,895. Insiders own 0.02% of the company’s stock.
INTC traded up $0.71 during midday trading on Monday, hitting $51.49. The stock had a trading volume of 3,644,932 shares, compared to its average volume of 19,123,574. The company has a market cap of $225.58 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90. The business has a fifty day moving average of $48.61 and a 200 day moving average of $49.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. On average, equities research analysts anticipate that Intel Co. will post 4.38 earnings per share for the current year.
The business also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.315 per share. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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