Cable Hill Partners LLC Acquires 3,875 Shares of Intel Co. (INTC)

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.

About Intel

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)

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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.

Leave a Reply