Huber Financial Advisors LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,494 shares of the chip maker’s stock after selling 272 shares during the period. Huber Financial Advisors LLC’s holdings in Intel were worth $550,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Fisher Asset Management LLC lifted its stake in shares of Intel by 3.0% in the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock worth $1,271,292,000 after buying an additional 785,668 shares in the last quarter. FMR LLC lifted its stake in shares of Intel by 5.5% in the first quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock worth $1,167,477,000 after buying an additional 1,133,474 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Intel by 5.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock worth $723,526,000 after buying an additional 824,109 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Intel by 8.0% in the fourth quarter. APG Asset Management N.V. now owns 10,165,374 shares of the chip maker’s stock worth $417,321,000 after buying an additional 755,800 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Intel by 1.7% in the fourth quarter. Nordea Investment Management AB now owns 7,145,109 shares of the chip maker’s stock worth $335,319,000 after buying an additional 122,805 shares in the last quarter. 66.17% of the stock is currently owned by institutional investors and hedge funds.
INTC has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 target price on shares of Intel in a research note on Friday, July 26th. BMO Capital Markets downgraded shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price on the stock. in a research note on Thursday, May 9th. Credit Suisse Group set a $58.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, May 9th. Daiwa Capital Markets downgraded shares of Intel from an “outperform” rating to a “neutral” rating in a research note on Monday, April 29th. Finally, Robert W. Baird upped their target price on shares of Intel from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have assigned a buy rating to the stock. Intel has an average rating of “Hold” and a consensus target price of $54.19.
INTC stock traded up $0.15 during midday trading on Thursday, reaching $47.30. 842,434 shares of the company’s stock traded hands, compared to its average volume of 25,915,124. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59. The stock has a market cap of $209.23 billion, a P/E ratio of 10.33, a PEG ratio of 1.44 and a beta of 0.88. 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 stock’s 50-day moving average is $48.74 and its 200 day moving average is $50.12.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts expect that Intel Co. will post 4.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.66%. Intel’s dividend payout ratio is currently 27.51%.
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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