Capital Advisors Inc. OK reduced its holdings in Intel Co. (NASDAQ:INTC) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,912 shares of the chip maker’s stock after selling 365 shares during the quarter. Capital Advisors Inc. OK’s holdings in Intel were worth $3,444,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of Intel during the second quarter valued at approximately $25,000. Price Wealth LLC grew its position in Intel by 119.5% in the second quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock worth $28,000 after acquiring an additional 251 shares in the last quarter. FAI Wealth Management boosted its holdings in shares of Intel by 390.4% during the 2nd quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after buying an additional 406 shares during the period. Okabena Investment Services Inc. bought a new stake in shares of Intel during the 2nd quarter worth $42,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Intel during the 2nd quarter worth $60,000. Institutional investors and hedge funds own 64.41% of the company’s stock.
Shares of NASDAQ INTC traded up $0.37 during midday trading on Wednesday, hitting $50.37. The company’s stock had a trading volume of 26,504,469 shares, compared to its average volume of 30,171,117. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $49.22 and its two-hundred day moving average is $55.74. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29. The firm has a market cap of $212.65 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 7th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.62%. Intel’s payout ratio is currently 27.10%.
Several equities analysts recently commented on the stock. Loop Capital cut their target price on shares of Intel from $59.00 to $50.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Exane BNP Paribas cut shares of Intel from an “outperform” rating to an “underperform” rating and set a $47.00 target price for the company. in a research note on Friday, July 24th. Northland Securities initiated coverage on shares of Intel in a research note on Friday, September 11th. They issued a “sell” rating and a $48.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Tuesday, July 7th. Finally, BidaskClub cut shares of Intel from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have given a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $61.15.
In other Intel news, EVP Navin Shenoy sold 7,018 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total transaction of $419,886.94. Following the sale, the executive vice president now owns 68,942 shares of the company’s stock, valued at approximately $4,124,799.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Holmes Swan bought 8,021 shares of the company’s stock in a transaction on Friday, July 24th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the transaction, the chief executive officer now directly owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders have sold a total of 10,109 shares of company stock worth $568,933 over the last 90 days. 0.04% of the stock is currently owned by company insiders.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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