Wealthquest Corp raised its stake in shares of Intel Co. (NASDAQ:INTC) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,333 shares of the chip maker’s stock after buying an additional 1,264 shares during the period. Wealthquest Corp’s holdings in Intel were worth $686,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tributary Capital Management LLC acquired a new stake in Intel during the fourth quarter worth about $28,000. Ogorek Anthony Joseph NY ADV grew its position in Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Virtus ETF Advisers LLC acquired a new stake in Intel during the fourth quarter worth about $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel during the fourth quarter worth about $53,000. Finally, Contravisory Investment Management Inc. grew its position in Intel by 234.1% during the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after buying an additional 803 shares in the last quarter. Institutional investors own 65.92% of the company’s stock.
INTC has been the topic of a number of recent research reports. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. UBS Group reaffirmed a “buy” rating and set a $58.00 price objective on shares of Intel in a report on Friday, July 26th. Wells Fargo & Co decreased their price objective on Intel from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th. Jefferies Financial Group set a $40.00 price objective on Intel and gave the company a “sell” rating in a report on Friday, July 26th. Finally, Citigroup reaffirmed a “neutral” rating and set a $53.00 price objective (up from $50.00) on shares of Intel in a report on Friday, July 26th. Ten research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. Intel presently has an average rating of “Hold” and an average target price of $54.31.
Shares of Intel stock traded down $0.82 during trading hours on Friday, reaching $48.68. 27,870,693 shares of the company’s stock were exchanged, compared to its average volume of 20,575,874. The business’s 50 day moving average is $48.96. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market cap of $219.29 billion, a PE ratio of 10.63, a P/E/G ratio of 1.51 and a beta of 0.88.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. During the same period in the prior year, the business posted $1.04 EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts predict that Intel Co. will post 4.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be issued a $0.315 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.59%. Intel’s payout ratio is 27.51%.
In other Intel news, Director Reed E. Hundt sold 10,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now directly owns 44,400 shares of the company’s stock, valued at approximately $2,328,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 8,552 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $46.78, for a total transaction of $400,062.56. Following the completion of the transaction, the executive vice president now directly owns 68,833 shares in the company, valued at $3,220,007.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,762 shares of company stock worth $1,654,765. 0.02% of the stock is owned by insiders.
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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