Macguire Cheswick & Tuttle Investment Counsel LLC lowered its stake in Intel Corp. (NASDAQ:INTC) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 36,625 shares of the chip maker’s stock after selling 2,050 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Intel Corp. were worth $1,201,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Carnick & Kubik LLC purchased a new position in Intel Corp. during the first quarter valued at $100,000. Parasol Investment Management LLC raised its stake in Intel Corp. by 34.3% in the second quarter. Parasol Investment Management LLC now owns 3,990 shares of the chip maker’s stock valued at $131,000 after buying an additional 1,020 shares during the last quarter. American National Bank raised its stake in Intel Corp. by 103.2% in the second quarter. American National Bank now owns 4,459 shares of the chip maker’s stock valued at $146,000 after buying an additional 2,265 shares during the last quarter. D. Scott Neal Inc. raised its stake in Intel Corp. by 0.7% in the second quarter. D. Scott Neal Inc. now owns 4,969 shares of the chip maker’s stock valued at $163,000 after buying an additional 35 shares during the last quarter. Finally, CapWealth Advisors LLC raised its stake in Intel Corp. by 43.9% in the first quarter. CapWealth Advisors LLC now owns 5,493 shares of the chip maker’s stock valued at $178,000 after buying an additional 1,676 shares during the last quarter. 64.77% of the stock is owned by institutional investors.
Intel Corp. (NASDAQ:INTC) traded up 0.08% on Friday, hitting $38.10. 16,942,539 shares of the stock were exchanged. The company has a 50-day moving average of $36.55 and a 200 day moving average of $33.47. The firm has a market cap of $180.25 billion, a P/E ratio of 18.48 and a beta of 1.09. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.31.
Intel Corp. (NASDAQ:INTC) last posted its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.54 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts expect that Intel Corp. will post $2.58 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio is currently 50.24%.
Several analysts recently issued reports on INTC shares. Cowen and Company reiterated a “market perform” rating and set a $36.00 target price (up previously from $32.00) on shares of Intel Corp. in a report on Monday, July 11th. Evercore ISI upgraded Intel Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, September 6th. Vetr upgraded Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 target price on the stock in a report on Monday, September 26th. Royal Bank Of Canada upped their target price on Intel Corp. from $33.00 to $34.00 and gave the stock a “sector perform” rating in a report on Friday, July 8th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $36.00 target price on shares of Intel Corp. in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $39.59.
In related news, CFO Stacy J. Smith sold 29,497 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $34.47, for a total value of $1,016,761.59. Following the sale, the chief financial officer now owns 263,772 shares in the company, valued at $9,092,220.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory R. Pearson sold 1,506 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the sale, the vice president now owns 84,505 shares in the company, valued at approximately $2,912,042.30. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corp. (NASDAQ:INTC).
Receive News & Ratings for Intel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.