Capital Counsel LLC NY Sells 716 Shares of Intel Co. (NASDAQ:INTC)

Capital Counsel LLC NY lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 0.1% in the second quarter, Holdings Channel reports. The firm owned 656,509 shares of the chip maker’s stock after selling 716 shares during the period. Intel comprises about 1.9% of Capital Counsel LLC NY’s holdings, making the stock its 13th biggest position. Capital Counsel LLC NY’s holdings in Intel were worth $36,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in INTC. Aviance Capital Partners LLC raised its stake in Intel by 1.0% during the second quarter. Aviance Capital Partners LLC now owns 18,479 shares of the chip maker’s stock worth $1,037,000 after acquiring an additional 186 shares in the last quarter. River Wealth Advisors LLC raised its stake in Intel by 0.7% during the second quarter. River Wealth Advisors LLC now owns 26,071 shares of the chip maker’s stock worth $1,464,000 after acquiring an additional 186 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV raised its stake in Intel by 1.8% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,977 shares of the chip maker’s stock worth $615,000 after acquiring an additional 191 shares in the last quarter. Aries Wealth Management raised its stake in Intel by 0.6% during the second quarter. Aries Wealth Management now owns 30,786 shares of the chip maker’s stock worth $1,728,000 after acquiring an additional 195 shares in the last quarter. Finally, Searle & CO. raised its stake in Intel by 2.5% during the second quarter. Searle & CO. now owns 8,166 shares of the chip maker’s stock worth $458,000 after acquiring an additional 200 shares in the last quarter. 62.24% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on INTC. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Friday, July 9th. JPMorgan Chase & Co. set a $78.00 target price on Intel in a report on Thursday, August 26th. Roth Capital decreased their target price on Intel from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 23rd. Mizuho decreased their target price on Intel from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, July 23rd. Finally, Truist decreased their target price on Intel from $69.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, July 23rd. Eleven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.65.

INTC traded up $0.38 during midday trading on Monday, reaching $54.60. 358,401 shares of the company were exchanged, compared to its average volume of 28,047,178. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.63 and a current ratio of 1.99. Intel Co. has a one year low of $43.61 and a one year high of $68.49. The stock has a market capitalization of $221.51 billion, a P/E ratio of 12.05, a PEG ratio of 1.50 and a beta of 0.60. The stock’s 50-day simple moving average is $53.81 and its 200 day simple moving average is $57.34.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 22nd. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.22. Intel had a return on equity of 27.24% and a net margin of 23.91%. The firm had revenue of $18.50 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter last year, the business earned $1.23 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Intel Co. will post 4.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be given a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, November 4th. Intel’s dividend payout ratio is currently 26.23%.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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