Martin Investment Management LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,477 shares of the chip maker’s stock after purchasing an additional 250 shares during the period. Martin Investment Management LLC’s holdings in Intel were worth $388,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Modus Advisors LLC acquired a new position in Intel during the 2nd quarter worth $25,000. Price Wealth LLC increased its position in shares of Intel by 119.5% in the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after buying an additional 251 shares in the last quarter. Lion Street Advisors LLC bought a new stake in shares of Intel in the 1st quarter valued at $29,000. Marshall & Sullivan Inc. WA bought a new stake in shares of Intel in the 2nd quarter valued at $60,000. Finally, Horan Securities Inc. bought a new position in Intel during the 1st quarter worth about $66,000. 64.95% of the stock is owned by institutional investors and hedge funds.
NASDAQ:INTC opened at $47.73 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. The firm has a 50-day moving average of $58.00 and a 200-day moving average of $59.19. The company has a market cap of $204.10 billion, a PE ratio of 8.54, a PEG ratio of 1.32 and a beta of 0.78. Intel Co. has a one year low of $43.63 and a one year high of $69.29.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, equities research analysts expect that Intel Co. will post 4.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 6th. Intel’s payout ratio is presently 27.10%.
A number of research firms have issued reports on INTC. BofA Securities cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. Bank of America cut Intel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $62.00 in a report on Friday, July 24th. KeyCorp upgraded Intel from a “sector weight” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Monday, June 15th. BNP Paribas cut Intel from an “outperform” rating to an “underperform” rating in a report on Friday, July 24th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $46.00 price objective on shares of Intel in a report on Monday, July 27th. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the company. Intel presently has an average rating of “Hold” and an average target price of $61.67.
In other Intel news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction dated 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 approximately $3,459,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Holmes Swan acquired 8,021 shares of Intel stock in a transaction on Friday, July 24th. The stock was purchased at an average cost of $50.00 per share, with a total value of $401,050.00. Following the completion of the transaction, the chief executive officer now directly owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
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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