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.
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%.
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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