Signaturefd LLC Sells 2,853 Shares of Intel Co. (NASDAQ:INTC)

Signaturefd LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 40,584 shares of the chip maker’s stock after selling 2,853 shares during the period. Signaturefd LLC’s holdings in Intel were worth $1,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thoroughbred Financial Services LLC grew its holdings in shares of Intel by 4,885.4% in the second quarter. Thoroughbred Financial Services LLC now owns 2,548,597 shares of the chip maker’s stock valued at $254,860,000 after acquiring an additional 2,497,476 shares in the last quarter. Swedbank grew its holdings in shares of Intel by 49.3% in the second quarter. Swedbank now owns 5,457,971 shares of the chip maker’s stock valued at $261,273,000 after acquiring an additional 1,803,296 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Intel by 197.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,216,066 shares of the chip maker’s stock valued at $90,977,000 after acquiring an additional 1,471,705 shares in the last quarter. Schafer Cullen Capital Management Inc grew its holdings in shares of Intel by 74.9% in the second quarter. Schafer Cullen Capital Management Inc now owns 2,888,063 shares of the chip maker’s stock valued at $144,172,000 after acquiring an additional 1,236,845 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Intel by 610.1% in the second quarter. SG Americas Securities LLC now owns 1,418,945 shares of the chip maker’s stock valued at $67,925,000 after acquiring an additional 1,219,115 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on INTC. UBS Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Intel in a report on Friday, July 26th. Mizuho upped their target price on Intel from $52.00 to $58.00 and gave the company a “buy” rating in a report on Friday, July 26th. Wedbush upped their target price on Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $64.00 target price on shares of Intel in a report on Friday, July 26th. Finally, Zacks Investment Research raised Intel from a “sell” rating to a “hold” rating and set a $54.00 target price for the company in a report on Monday, July 29th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have given a buy rating to the stock. Intel has an average rating of “Hold” and an average target price of $54.19.



In other Intel news, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $50.92, for a total transaction of $127,758.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Andy D. Bryant sold 13,609 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total value of $699,094.33. Following the sale, the chairman now owns 450,591 shares in the company, valued at approximately $23,146,859.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,524 shares of company stock worth $1,844,221. Company insiders own 0.02% of the company’s stock.

NASDAQ:INTC opened at $46.32 on Friday. The company has a market cap of $207.50 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.43 and a beta of 0.88. The stock’s fifty day moving average price is $48.87 and its two-hundred day moving average price is $50.20. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. On average, analysts expect that Intel Co. will post 4.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.72%. Intel’s dividend payout ratio is currently 27.51%.

Intel 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.

Further Reading: Return on Equity (ROE)

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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