CSat Investment Advisory L.P. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 27.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,101 shares of the chip maker’s stock after selling 16,532 shares during the period. Intel comprises approximately 0.7% of CSat Investment Advisory L.P.’s portfolio, making the stock its 20th largest position. CSat Investment Advisory L.P.’s holdings in Intel were worth $2,111,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Intel by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after buying an additional 2,219,241 shares during the period. BlackRock Inc. raised its holdings in Intel by 0.3% during the 2nd quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after purchasing an additional 961,771 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Intel by 6.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock worth $1,450,387,000 after purchasing an additional 1,952,840 shares during the last quarter. Morgan Stanley raised its holdings in Intel by 8.2% during the 2nd quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock worth $1,318,484,000 after purchasing an additional 2,081,749 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Intel by 3.0% during the 2nd quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock worth $1,271,292,000 after purchasing an additional 785,668 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.
NASDAQ INTC traded down $0.85 during mid-day trading on Friday, hitting $50.72. The company’s stock had a trading volume of 22,055,333 shares, compared to its average volume of 18,732,882. The company’s 50 day simple moving average is $48.25 and its 200 day simple moving average is $49.85. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $229.21 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.57 and a beta of 0.90.
The company also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.315 per share. This represents a yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio is 27.51%.
INTC has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “buy” rating and set a $64.00 price target on shares of Intel in a report on Friday, July 26th. Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price target for the company in a report on Friday, August 16th. Tigress Financial restated a “buy” rating on shares of Intel in a report on Friday, August 30th. Robert W. Baird set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein restated a “sell” rating and set a $39.00 price target on shares of Intel in a report on Friday, July 26th. Nine analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have given a buy rating to the stock. Intel has a consensus rating of “Hold” and a consensus price target of $54.09.
In other Intel news, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total transaction of $31,107.76. Following the transaction, the executive vice president now directly owns 53,063 shares of the company’s stock, valued at approximately $2,746,540.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $46.86, for a total transaction of $117,571.74. The disclosure for this sale can be found here. Insiders have sold a total of 39,032 shares of company stock worth $2,006,895 over the last ninety days. Insiders own 0.02% of the company’s stock.
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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