Robecosam AG cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 90.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,300 shares of the chip maker’s stock after selling 724,930 shares during the period. Robecosam AG’s holdings in Intel were worth $3,479,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. BKD Wealth Advisors LLC grew its stake in shares of Intel by 4.2% in the fourth quarter. BKD Wealth Advisors LLC now owns 56,172 shares of the chip maker’s stock valued at $2,636,000 after acquiring an additional 2,276 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Intel by 9.2% in the fourth quarter. IFM Investors Pty Ltd now owns 268,555 shares of the chip maker’s stock worth $12,603,000 after acquiring an additional 22,532 shares during the last quarter. Wealthquest Corp bought a new position in shares of Intel in the fourth quarter worth about $647,000. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Intel by 4.8% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 9,843 shares of the chip maker’s stock worth $462,000 after acquiring an additional 449 shares during the last quarter. Finally, Lenox Wealth Management Inc. lifted its holdings in shares of Intel by 14.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock worth $105,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.
Intel stock opened at $46.50 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The stock has a market capitalization of $203.20 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.88. The business’s fifty day moving average is $48.85 and its 200 day moving average is $50.18.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The company had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the firm posted $1.04 earnings per share. Intel’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post 4.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.71%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
In related news, EVP Navin Shenoy sold 8,552 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total transaction of $400,062.56. Following the sale, the executive vice president now directly owns 68,833 shares of the company’s stock, valued at $3,220,007.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Andy D. Bryant sold 13,609 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total value of $699,094.33. Following the sale, the chairman now directly owns 450,591 shares in the company, valued at $23,146,859.67. The disclosure for this sale can be found here. Insiders have sold 36,524 shares of company stock worth $1,844,221 over the last ninety days. 0.02% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on INTC shares. BMO Capital Markets lowered shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective for the company. in a report on Thursday, May 9th. Deutsche Bank reiterated a “buy” rating and issued a $62.00 price objective (up previously from $60.00) on shares of Intel in a report on Friday, July 26th. Wells Fargo & Co decreased their target price on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a research report on Thursday, May 9th. Roth Capital set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Mizuho increased their target price on shares of Intel from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have assigned a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average price target of $54.19.
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.
Featured Article: Catch-Up Contributions
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.