John G Ullman & Associates Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,452 shares of the chip maker’s stock after selling 6,166 shares during the quarter. Intel accounts for approximately 3.5% of John G Ullman & Associates Inc.’s holdings, making the stock its 6th biggest holding. John G Ullman & Associates Inc.’s holdings in Intel were worth $14,386,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Nuveen Asset Management LLC grew its holdings in shares of Intel by 45.2% in the 1st quarter. Nuveen Asset Management LLC now owns 39,226,298 shares of the chip maker’s stock worth $2,122,927,000 after purchasing an additional 12,217,997 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Intel by 2.9% in the 1st quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock worth $16,852,495,000 after purchasing an additional 8,659,315 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Intel in the 1st quarter worth about $73,141,000. Swedbank grew its holdings in shares of Intel by 195.4% in the 1st quarter. Swedbank now owns 5,394,241 shares of the chip maker’s stock worth $291,936,000 after purchasing an additional 3,567,898 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Intel by 20.9% in the 1st quarter. Swiss National Bank now owns 16,882,304 shares of the chip maker’s stock worth $913,670,000 after purchasing an additional 2,913,600 shares during the last quarter. Institutional investors own 64.95% of the company’s stock.
Shares of NASDAQ:INTC opened at $47.73 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. The company has a market capitalization of $204.10 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.32 and a beta of 0.78. The firm’s 50 day simple moving average is $58.00 and its 200 day simple moving average is $59.19. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.77%. Intel’s dividend payout ratio (DPR) is currently 27.10%.
In other Intel news, CEO Robert Holmes Swan acquired 8,021 shares of the stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at $14,679,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Navin Shenoy sold 7,018 shares of Intel stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $59.83, for a total transaction of $419,886.94. Following the completion of the sale, the executive vice president now owns 68,942 shares in the company, valued at $4,124,799.86. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.
INTC has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 price objective on the stock. in a report on Friday, July 24th. Robert W. Baird reissued a “buy” rating and set a $85.00 price objective on shares of Intel in a report on Friday, April 24th. Royal Bank of Canada decreased their price objective on shares of Intel from $52.00 to $48.00 and set an “underperform” rating on the stock in a report on Friday, July 24th. UBS Group decreased their price objective on shares of Intel from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Roth Capital lowered shares of Intel from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $75.00 to $55.00 in a report on Friday, July 24th. Twelve investment 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. Intel currently has an average rating of “Hold” and an average price target of $61.67.
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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