Hoylecohen LLC Trims Position in Intel Co. (NASDAQ:INTC)

Hoylecohen LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 266,096 shares of the chip maker’s stock after selling 13,508 shares during the period. Intel makes up about 1.2% of Hoylecohen LLC’s holdings, making the stock its 16th biggest holding. Hoylecohen LLC’s holdings in Intel were worth $14,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Harvest Group Wealth Management LLC acquired a new stake in Intel in the 2nd quarter valued at $30,000. Roble Belko & Company Inc lifted its position in shares of Intel by 125.9% during the first quarter. Roble Belko & Company Inc now owns 497 shares of the chip maker’s stock worth $32,000 after purchasing an additional 277 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of Intel during the second quarter worth about $34,000. Clear Perspectives Financial Planning LLC lifted its position in shares of Intel by 189.2% during the second quarter. Clear Perspectives Financial Planning LLC now owns 1,070 shares of the chip maker’s stock worth $60,000 after purchasing an additional 700 shares during the last quarter. Finally, Syverson Strege & Co lifted 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 purchasing an additional 876 shares during the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.

INTC has been the topic of a number of recent analyst reports. Citigroup lifted their price target on Intel from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 23rd. Evercore ISI decreased their price target on shares of Intel from $75.00 to $60.00 and set an “in-line” rating on the stock in a research report on Friday, July 23rd. Credit Suisse Group set a $52.62 price target on shares of Intel in a research report on Tuesday, July 27th. Sanford C. Bernstein set a $43.00 target price on shares of Intel in a research note on Friday, July 23rd. Finally, Morgan Stanley lifted their target price 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. Eleven research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $60.65.

NASDAQ INTC traded down $0.50 during trading on Tuesday, hitting $54.16. 355,416 shares of the company’s stock traded hands, compared to its average volume of 27,970,607. The stock has a market capitalization of $219.73 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.50 and a beta of 0.60. Intel Co. has a 12-month low of $43.61 and a 12-month high of $68.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.63 and a current ratio of 1.99. The business has a 50 day moving average of $53.81 and a 200-day moving average of $57.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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. The company had revenue of $18.50 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Intel had a net margin of 23.91% and a return on equity of 27.24%. Intel’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. On average, analysts expect that Intel Co. will post 4.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, November 4th. Intel’s dividend payout ratio (DPR) is presently 26.23%.

About Intel

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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