Shine Investment Advisory Services Inc. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,872 shares of the chip maker’s stock after selling 263 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Intel were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of INTC. Modus Advisors LLC purchased a new stake in shares of Intel during the second quarter valued at about $25,000. Price Wealth LLC lifted its position in shares of Intel by 119.5% during the second quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after buying an additional 251 shares during the last quarter. Lion Street Advisors LLC purchased a new stake in shares of Intel during the first quarter valued at about $29,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Intel during the second quarter valued at about $60,000. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Intel by 17.3% during the first quarter. Bay Harbor Wealth Management LLC now owns 1,218 shares of the chip maker’s stock valued at $66,000 after buying an additional 180 shares during the last quarter. Institutional investors own 64.95% of the company’s stock.
In related news, CEO Robert Holmes Swan purchased 8,021 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average price of $50.00 per share, with a total value of $401,050.00. Following the purchase, the chief executive officer now owns 293,594 shares of the company’s stock, valued at $14,679,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the sale, the executive vice president now directly owns 71,807 shares in the company, valued at approximately $3,459,661.26. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.
INTC has been the subject of several analyst reports. SVB Leerink initiated coverage on shares of Intel in a research report on Friday, July 24th. They set a “hold” rating for the company. Roth Capital lowered shares of Intel from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $55.00 in a research report on Friday, July 24th. KeyCorp raised shares of Intel from a “sector weight” rating to an “overweight” rating and set a $82.00 price objective for the company in a research report on Monday, June 15th. BMO Capital Markets decreased their price objective on shares of Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Finally, Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Friday, July 24th. Twelve investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.67.
Shares of NASDAQ INTC opened at $47.73 on Friday. The stock has a market capitalization of $204.10 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.32 and a beta of 0.78. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29. The firm’s 50 day simple moving average is $58.00 and its 200-day simple moving average is $59.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.12. The business had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same quarter last year, the company earned $1.06 EPS. Analysts anticipate that Intel Co. will post 4.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. Intel’s payout ratio is 27.10%.
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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