Campbell & CO Investment Adviser LLC Invests $483,000 in Intel Co. (NASDAQ:INTC)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,079 shares of the chip maker’s stock, valued at approximately $483,000. Intel comprises approximately 0.6% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 24th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Lucia Wealth Services LLC raised its stake in shares of Intel by 24.2% during the 2nd quarter. Lucia Wealth Services LLC now owns 14,628 shares of the chip maker’s stock worth $875,000 after buying an additional 2,849 shares during the last quarter. Horst & Graben Wealth Management LLC purchased a new stake in Intel during the 2nd quarter worth about $521,000. Chicago Capital LLC increased its position in Intel by 4.9% during the 2nd quarter. Chicago Capital LLC now owns 51,771 shares of the chip maker’s stock worth $3,097,000 after purchasing an additional 2,420 shares in the last quarter. Martin Investment Management LLC increased its position in Intel by 4.0% during the 2nd quarter. Martin Investment Management LLC now owns 6,477 shares of the chip maker’s stock worth $388,000 after purchasing an additional 250 shares in the last quarter. Finally, GWM Advisors LLC increased its position in Intel by 201.3% during the 2nd quarter. GWM Advisors LLC now owns 438,100 shares of the chip maker’s stock worth $26,212,000 after purchasing an additional 292,686 shares in the last quarter. 64.95% of the stock is owned by institutional investors and hedge funds.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the transaction, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Holmes Swan bought 8,021 shares of the business’s stock in a transaction on Friday, July 24th. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the transaction, the chief executive officer now owns 293,594 shares in the company, valued at $14,679,700. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

A number of analysts recently commented on INTC shares. Exane BNP Paribas cut Intel from an “outperform” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Friday, July 24th. Loop Capital dropped their price objective on Intel from $59.00 to $50.00 and set a “sell” rating for the company in a research report on Friday, July 24th. Nomura reiterated a “buy” rating and set a $74.00 price objective on shares of Intel in a research report on Sunday, June 21st. Zacks Investment Research cut Intel from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Monday, July 27th. Finally, Credit Suisse Group lowered their price target on Intel from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.67.

Intel stock opened at $47.73 on Friday. The stock’s 50 day moving average price is $58.00 and its 200 day moving average price is $59.19. The firm has a market capitalization of $204.10 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel Co. has a one year low of $43.63 and a one year high of $69.29.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.11 by $0.12. The firm had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period in the previous year, the company posted $1.06 EPS. On average, analysts forecast that Intel Co. will post 4.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 6th. Intel’s payout ratio is 27.10%.

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.

Further Reading: Oversold

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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