Toroso Investments LLC Decreases Position in Intel Co. (NASDAQ:INTC)

Toroso Investments LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 48.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,812 shares of the chip maker’s stock after selling 26,991 shares during the quarter. Toroso Investments LLC’s holdings in Intel were worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Ogorek Anthony Joseph NY ADV lifted its position in shares of Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Next Capital Management LLC purchased a new stake in shares of Intel in the second quarter valued at $48,000. Virtus ETF Advisers LLC purchased a new stake in shares of Intel in the fourth quarter valued at $48,000. Stevens First Principles Investment Advisors purchased a new stake in shares of Intel in the fourth quarter valued at $53,000. Finally, Contravisory Investment Management Inc. lifted its position in shares of Intel by 234.1% in the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock valued at $55,000 after acquiring an additional 803 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

Several brokerages have recently issued reports on INTC. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price objective on shares of Intel in a research report on Friday, July 26th. Loop Capital began coverage on Intel in a research report on Monday, August 12th. They issued a “hold” rating and a $50.00 price objective on the stock. Mizuho upped their price objective on Intel from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Atlantic Securities began coverage on Intel in a research report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price objective on the stock. Finally, Cascend Securities restated a “buy” rating and issued a $65.00 price objective (up from $55.00) on shares of Intel in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.09.



In other news, EVP Navin Shenoy sold 8,551 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $52.06, for a total value of $445,165.06. Following the completion of the sale, the executive vice president now owns 70,276 shares in the company, valued at $3,658,568.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Holmes Swan bought 10,918 shares of the stock in a transaction dated Wednesday, August 28th. The stock was bought at an average price of $45.70 per share, with a total value of $498,952.60. Following the purchase, the chief executive officer now owns 168,955 shares of the company’s stock, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. In the last quarter, insiders sold 39,032 shares of company stock valued at $2,006,895. Insiders own 0.02% of the company’s stock.

Shares of INTC stock traded down $1.08 during trading hours on Tuesday, reaching $49.82. The company had a trading volume of 28,315,717 shares, compared to its average volume of 23,312,008. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a market capitalization of $224.69 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90. The stock’s fifty day simple moving average is $48.35 and its 200 day simple moving average is $49.81.

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, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that Intel Co. will post 4.38 earnings per share for the current year.

The business also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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