Intact Investment Management Inc. increased its position in Intel Co. (NASDAQ:INTC) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,800 shares of the chip maker’s stock after buying an additional 300 shares during the quarter. Intact Investment Management Inc.’s holdings in Intel were worth $9,079,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of Intel during the second quarter valued at $25,000. Price Wealth LLC lifted its holdings 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 purchasing 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 $29,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Intel during the second quarter valued at $60,000. Finally, Horan Securities Inc. purchased a new stake in shares of Intel during the first quarter valued at $66,000. Institutional investors and hedge funds own 64.95% of the company’s stock.
INTC has been the topic of several recent analyst reports. Barclays lowered Intel from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $58.00 to $48.00 in a research report on Friday, July 24th. Cowen dropped their price target on Intel from $64.00 to $60.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Wedbush dropped their price target on Intel from $52.50 to $51.00 and set an “underperform” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. set a $80.00 price target on Intel and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Northland Securities lowered Intel from a “market perform” rating to an “underperform” rating and set a $60.00 price target on the stock. in a research report on Friday, July 24th. Twelve investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the company. Intel has an average rating of “Hold” and a consensus price target of $61.67.
In other news, CEO Robert Holmes Swan bought 8,021 shares of the stock in a transaction dated Friday, July 24th. The stock was bought at an average cost 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $137,168.46. Following the completion of the sale, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at $3,459,661.26. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.
Shares of INTC stock opened at $47.73 on Friday. The stock has a 50 day moving average of $58.00 and a two-hundred day moving average of $59.19. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29. The company has a market capitalization of $204.10 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.32 and a beta of 0.78.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. Intel had a return on equity of 31.55% and a net margin of 29.97%. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. During the same quarter last year, the company earned $1.06 EPS. Sell-side analysts predict that Intel Co. will post 4.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.33 dividend. 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 presently 27.10%.
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.
Featured Article: What Does a Sell-Side Analyst Rating Mean?
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.