Greenwood Capital Associates LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 29.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,501 shares of the chip maker’s stock after selling 43,173 shares during the period. Greenwood Capital Associates LLC’s holdings in Intel were worth $4,859,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Great Valley Advisor Group Inc. boosted its stake in Intel by 5.2% in the second quarter. Great Valley Advisor Group Inc. now owns 21,962 shares of the chip maker’s stock valued at $1,051,000 after acquiring an additional 1,077 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Intel by 23.6% in the 2nd quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock worth $124,000 after purchasing an additional 496 shares in the last quarter. Advisory Resource Group acquired a new stake in shares of Intel in the 1st quarter worth $241,000. Asset Planning Services Inc. LA ADV grew its stake in Intel by 2.1% during the 2nd quarter. Asset Planning Services Inc. LA ADV now owns 121,027 shares of the chip maker’s stock worth $5,794,000 after buying an additional 2,450 shares during the last quarter. Finally, Grimes & Company Inc. grew its stake in Intel by 1.6% during the 2nd quarter. Grimes & Company Inc. now owns 376,716 shares of the chip maker’s stock worth $18,034,000 after buying an additional 5,942 shares during the last quarter. 65.95% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ INTC traded up $0.17 during trading on Wednesday, reaching $51.99. 1,865,671 shares of the company traded hands, compared to its average volume of 20,417,686. The stock has a market cap of $228.54 billion, a P/E ratio of 11.35, a PEG ratio of 1.57 and a beta of 0.90. The firm’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $49.89. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.
The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is 27.51%.
In related news, Director Reed E. Hundt sold 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total transaction of $524,500.00. Following the sale, the director now owns 44,400 shares in the company, valued at $2,328,780. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 13,609 shares of Intel stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the transaction, the chairman now directly owns 450,591 shares of the company’s stock, valued at approximately $23,146,859.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,033 shares of company stock valued at $1,961,792. Company insiders own 0.02% of the company’s stock.
A number of equities research analysts have commented on INTC shares. Atlantic Securities started coverage on Intel in a research note on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price target for the company. Bank of America lowered their price target on Intel from $62.00 to $57.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. restated a “buy” rating and set a $64.00 price target on shares of Intel in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price objective on the stock in a report on Monday, July 29th. Finally, BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average price target of $54.09.
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.
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