Cable Hill Partners LLC decreased its position in Intel Co. (NASDAQ:INTC) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,615 shares of the chip maker’s stock after selling 374 shares during the period. Intel accounts for 0.4% of Cable Hill Partners LLC’s portfolio, making the stock its 15th largest position. Cable Hill Partners LLC’s holdings in Intel were worth $1,575,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of INTC. DB Wealth Management Group LLC bought a new position in Intel during the fourth quarter worth about $29,000. Baron Financial Group LLC acquired a new stake in shares of Intel during the third quarter worth about $34,000. Ogorek Anthony Joseph NY ADV acquired a new stake in shares of Intel during the fourth quarter worth about $31,000. Holloway Wealth Management LLC acquired a new stake in shares of Intel during the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Intel during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 63.25% of the company’s stock.
A number of equities research analysts have recently commented on INTC shares. JPMorgan Chase & Co. set a $80.00 price target on Intel and gave the stock a “buy” rating in a research report on Friday, January 22nd. Roth Capital raised their price target on Intel from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 22nd. Sanford C. Bernstein reaffirmed a “sell” rating and set a $43.00 price target on shares of Intel in a research report on Friday, January 22nd. Morgan Stanley raised their price target on Intel from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Finally, Cowen lifted their target price on Intel from $75.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, January 22nd. Eleven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.64.
INTC traded down $1.32 during trading on Tuesday, hitting $59.39. The stock had a trading volume of 471,768 shares, compared to its average volume of 39,641,777. The company has a 50 day moving average price of $57.25 and a 200-day moving average price of $51.11. The firm has a market cap of $241.30 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.63 and a beta of 0.74. Intel Co. has a one year low of $43.61 and a one year high of $65.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same period in the prior year, the firm posted $1.52 earnings per share. As a group, sell-side analysts predict that Intel Co. will post 4.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 5th will be paid a $0.3475 dividend. The ex-dividend date is Thursday, February 4th. This is an increase from Intel’s previous quarterly dividend of $0.33. This represents a $1.39 annualized dividend and a yield of 2.34%. Intel’s payout ratio is 28.54%.
In related news, CFO George S. Davis bought 9,095 shares of the business’s stock in a transaction dated Tuesday, January 26th. The stock was purchased at an average cost of $55.34 per share, for a total transaction of $503,317.30. Following the transaction, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Holmes Swan bought 27,244 shares of the business’s stock in a transaction dated Monday, January 25th. The shares were bought at an average price of $55.57 per share, with a total value of $1,513,949.08. Following the completion of the transaction, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
Featured Story: How Important is Technical Analysis of Stocks
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.