Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,232 Shares of Intel Co. (NASDAQ:INTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 505,917 shares of the chip maker’s stock after selling 2,232 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Intel were worth $28,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Harvest Group Wealth Management LLC bought a new stake in Intel during the second quarter worth approximately $30,000. Roble Belko & Company Inc lifted its holdings in shares of Intel by 125.9% in the 1st quarter. Roble Belko & Company Inc now owns 497 shares of the chip maker’s stock worth $32,000 after acquiring an additional 277 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of Intel during the second quarter valued at approximately $34,000. Clear Perspectives Financial Planning LLC grew its position in Intel by 189.2% in the 2nd quarter. Clear Perspectives Financial Planning LLC now owns 1,070 shares of the chip maker’s stock valued at $60,000 after acquiring an additional 700 shares during the last quarter. Finally, Syverson Strege & Co increased its position in shares of Intel by 270.4% during the second quarter. Syverson Strege & Co now owns 1,200 shares of the chip maker’s stock worth $67,000 after acquiring an additional 876 shares during the period. 62.24% of the stock is owned by institutional investors.

INTC stock traded down $0.46 during mid-day trading on Tuesday, reaching $54.20. The company’s stock had a trading volume of 453,002 shares, compared to its average volume of 27,970,607. The company has a current ratio of 1.99, a quick ratio of 1.63 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $53.81 and its two-hundred day moving average is $57.28. The stock has a market cap of $219.89 billion, a PE ratio of 12.07, a P/E/G ratio of 1.50 and a beta of 0.60. Intel Co. has a fifty-two week low of $43.61 and a fifty-two week high of $68.49.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 22nd. The chip maker reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.22. Intel had a net margin of 23.91% and a return on equity of 27.24%. The company had revenue of $18.50 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same quarter last year, the firm posted $1.23 earnings per share. Intel’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post 4.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Sunday, November 7th will be paid a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.39 annualized dividend and a dividend yield of 2.56%. Intel’s dividend payout ratio (DPR) is 26.23%.

A number of equities analysts have recently issued reports on INTC shares. Morgan Stanley increased their price objective on shares of Intel from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 23rd. Roth Capital decreased their price objective on Intel from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, July 23rd. Bank of America cut their target price on Intel from $62.00 to $52.00 and set an “underperform” rating on the stock in a research note on Friday, July 23rd. BMO Capital Markets raised their target price on shares of Intel from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 23rd. Finally, Barclays decreased their price objective on Intel from $58.00 to $50.00 and set an “underweight” rating for the company in a report on Friday, July 23rd. Eleven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.65.

Intel Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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