Atlas Capital Advisors LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,621 shares of the chip maker’s stock after selling 3,854 shares during the quarter. Intel makes up 0.9% of Atlas Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Atlas Capital Advisors LLC’s holdings in Intel were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Elmwood Wealth Management Inc. purchased a new position in Intel during the 1st quarter valued at about $110,000. Financial Gravity Wealth Inc. purchased a new position in Intel during the 1st quarter valued at about $120,000. WP Advisors LLC purchased a new position in Intel during the 2nd quarter valued at about $137,000. Well Done LLC purchased a new position in Intel during the 1st quarter valued at about $156,000. Finally, PDS Planning Inc purchased a new position in Intel during the 1st quarter valued at about $159,000. 65.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the transaction, the executive vice president now directly owns 23,268 shares in the company, valued at $1,219,941.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the transaction, the executive vice president now owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,077 shares of company stock valued at $205,757. Corporate insiders own 0.03% of the company’s stock.
Several equities research analysts recently commented on INTC shares. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, September 26th. KeyCorp lowered their price target on Intel from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. Wells Fargo & Co reissued a “buy” rating and issued a $65.00 price target on shares of Intel in a research note on Thursday, June 21st. BidaskClub cut Intel from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Finally, Royal Bank of Canada lowered their price target on Intel from $57.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, October 1st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.08.
INTC opened at $44.88 on Friday. Intel Co. has a twelve month low of $39.28 and a twelve month high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The company has a market capitalization of $221.24 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.35 and a beta of 0.97.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The firm had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. During the same period in the previous year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts expect that Intel Co. will post 4.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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