Cable Hill Partners LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,839 shares of the chip maker’s stock after purchasing an additional 3,875 shares during the period. Intel accounts for about 0.5% of Cable Hill Partners LLC’s holdings, making the stock its 12th biggest position. Cable Hill Partners LLC’s holdings in Intel were worth $1,185,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Elmwood Wealth Management Inc. purchased a new position in Intel during the first quarter valued at approximately $110,000. Financial Gravity Wealth Inc. purchased a new position in Intel during the first quarter valued at approximately $120,000. WP Advisors LLC purchased a new position in Intel during the second quarter valued at approximately $137,000. Well Done LLC purchased a new position in Intel during the first quarter valued at approximately $156,000. Finally, Stelac Advisory Services LLC purchased a new position in Intel during the first quarter valued at approximately $187,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.
In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the sale, the executive vice president now directly owns 30,324 shares in the company, valued at approximately $1,384,593.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company’s stock.
NASDAQ:INTC opened at $46.88 on Thursday. Intel Co. has a 52 week low of $42.04 and a 52 week high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The firm has a market cap of $213.75 billion, a P/E ratio of 13.55, a PEG ratio of 1.19 and a beta of 0.97.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Equities research analysts expect that Intel Co. will post 4.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors 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 yield of 2.56%. Intel’s dividend payout ratio is currently 34.68%.
Several equities analysts recently commented on INTC shares. Credit Suisse Group reduced their price objective on shares of Intel from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Friday, July 27th. B. Riley reduced their price objective on shares of Intel from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Intel in a research note on Friday, July 27th. Robert W. Baird set a $64.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, July 12th. Finally, UBS Group raised shares of Intel from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have issued a buy rating to the company. Intel presently has a consensus rating of “Hold” and a consensus price target of $55.33.
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.
See Also: Dow Jones Industrial Average (DJIA)
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.