Capital Directions Investment Advisors LLC Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

Capital Directions Investment Advisors LLC raised its position in Intel Co. (NASDAQ:INTC) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,752 shares of the chip maker’s stock after buying an additional 690 shares during the period. Capital Directions Investment Advisors LLC’s holdings in Intel were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital International Investors boosted its stake in Intel by 6.7% during the first quarter. Capital International Investors now owns 99,828,667 shares of the chip maker’s stock worth $6,388,865,000 after buying an additional 6,279,519 shares during the period. Baupost Group LLC MA boosted its holdings in Intel by 28.2% during the 1st quarter. Baupost Group LLC MA now owns 23,305,334 shares of the chip maker’s stock valued at $1,491,541,000 after acquiring an additional 5,119,765 shares during the period. Amundi Asset Management US Inc. boosted its stake in shares of Intel by 55.9% in the first quarter. Amundi Asset Management US Inc. now owns 12,317,475 shares of the chip maker’s stock valued at $788,325,000 after purchasing an additional 4,415,095 shares during the period. Neuberger Berman Group LLC grew its holdings in shares of Intel by 741.2% in the first quarter. Neuberger Berman Group LLC now owns 3,591,100 shares of the chip maker’s stock valued at $228,785,000 after purchasing an additional 3,164,204 shares in the last quarter. Finally, Matrix Capital Management Company LP purchased a new stake in Intel during the 1st quarter worth approximately $193,408,000. 62.24% of the stock is currently owned by institutional investors.

INTC has been the subject of several research reports. Credit Suisse Group set a $52.62 price target on shares of Intel in a research note on Tuesday, July 27th. Roth Capital cut their price target on Intel from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, July 23rd. BMO Capital Markets raised their price target on Intel from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 23rd. reissued a “hold” rating and issued a $60.00 price objective on shares of Intel in a report on Tuesday, July 6th. Finally, Jefferies Financial Group dropped their price objective on shares of Intel from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 23rd. Eleven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.65.

Shares of INTC stock traded up $1.51 during midday trading on Thursday, reaching $53.77. 581,062 shares of the company were exchanged, compared to its average volume of 27,554,445. The company’s 50 day moving average price is $53.65 and its two-hundred day moving average price is $56.45. The company has a market cap of $218.14 billion, a P/E ratio of 11.61, a PEG ratio of 1.50 and a beta of 0.60. Intel Co. has a 12 month low of $43.61 and a 12 month high of $68.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.63 and a current ratio of 1.99.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 22nd. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.22. Intel had a net margin of 23.91% and a return on equity of 27.24%. The company had revenue of $18.50 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post 4.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be paid a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, November 4th. Intel’s dividend payout ratio is presently 26.23%.

About Intel

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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