Sciencast Management LP Acquires Shares of 35,600 Intel Co. (NASDAQ:INTC)

Sciencast Management LP acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,600 shares of the chip maker’s stock, valued at approximately $2,084,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Community Financial Services Group LLC lifted its stake in shares of Intel by 0.9% in the first quarter. Community Financial Services Group LLC now owns 64,954 shares of the chip maker’s stock worth $3,515,000 after buying an additional 606 shares in the last quarter. Krueger & Catalano Capital Partners LLC lifted its stake in shares of Intel by 18.5% in the first quarter. Krueger & Catalano Capital Partners LLC now owns 5,909 shares of the chip maker’s stock worth $320,000 after buying an additional 924 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of Intel by 1.2% in the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,893 shares of the chip maker’s stock worth $1,401,000 after buying an additional 300 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Intel by 8.4% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 7,618 shares of the chip maker’s stock worth $412,000 after buying an additional 592 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its stake in shares of Intel by 3.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 34,005 shares of the chip maker’s stock worth $1,840,000 after buying an additional 1,012 shares in the last quarter. 64.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:INTC opened at $47.73 on Friday. The company has a market capitalization of $204.10 billion, a PE ratio of 8.79, a P/E/G ratio of 1.32 and a beta of 0.78. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The firm has a 50 day simple moving average of $58.00 and a 200-day simple moving average of $59.19.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, equities research analysts predict that Intel Co. will post 4.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be given a $0.33 dividend. 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 (DPR) is 27.10%.

A number of brokerages have commented on INTC. Jefferies Financial Group lifted their target price on shares of Intel from $53.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Wells Fargo & Co reduced their target price on shares of Intel from $60.00 to $55.00 in a research note on Friday, July 24th. BMO Capital Markets reduced their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Credit Suisse Group reduced their target price on shares of Intel from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Finally, Sanford C. Bernstein downgraded shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 target price on the stock. in a research note on Friday, July 24th. Twelve analysts have rated the stock with a sell rating, eighteen have given 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 an average price target of $61.67.

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

About Intel

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.

Read More: What is the Consumer Price Index (CPI)?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.