Schulhoff & Co. Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,927 shares of the chip maker’s stock after selling 4,492 shares during the quarter. Intel accounts for about 1.5% of Schulhoff & Co. Inc.’s holdings, making the stock its 21st largest position. Schulhoff & Co. Inc.’s holdings in Intel were worth $2,568,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in INTC. Nuveen Asset Management LLC lifted its position in shares of Intel by 45.2% during 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 buying an additional 12,217,997 shares during the period. BlackRock Inc. lifted its position in shares of Intel by 2.9% during the 1st quarter. BlackRock Inc. now owns 311,391,281 shares of the chip maker’s stock worth $16,852,495,000 after buying an additional 8,659,315 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Intel during the 1st quarter worth approximately $73,141,000. Swedbank lifted its position in shares of Intel by 195.4% during the 1st quarter. Swedbank now owns 5,394,241 shares of the chip maker’s stock worth $291,936,000 after buying an additional 3,567,898 shares during the period. Finally, Swiss National Bank lifted its position in shares of Intel by 20.9% during the 1st quarter. Swiss National Bank now owns 16,882,304 shares of the chip maker’s stock worth $913,670,000 after buying an additional 2,913,600 shares during the period. Institutional investors own 64.95% of the company’s stock.
Several equities analysts recently commented on INTC shares. Deutsche Bank downgraded Intel from a “buy” rating to a “hold” rating and cut their target price for the stock from $70.00 to $60.00 in a research report on Friday, July 24th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and set a $85.00 price target on shares of Intel in a report on Friday, April 24th. Roth Capital cut Intel from a “buy” rating to a “neutral” rating and dropped their price target for the company from $75.00 to $55.00 in a report on Friday, July 24th. Wedbush dropped their price target on Intel from $52.50 to $51.00 and set an “underperform” rating for the company in a report on Friday, April 24th. Finally, BMO Capital Markets dropped their price target on Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Twelve analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.67.
NASDAQ:INTC opened at $47.73 on Friday. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $204.10 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.32 and a beta of 0.78. The stock’s fifty day simple moving average is $58.00 and its 200-day simple moving average is $59.19.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ 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 earnings per share. As a group, equities research analysts expect that Intel Co. will post 4.85 earnings per share for the current 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 issued a dividend of $0.33 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.77%. Intel’s dividend payout ratio is presently 27.10%.
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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