Lyell Wealth Management LP lifted its holdings in Intel Co. (NASDAQ:INTC) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,782 shares of the chip maker’s stock after buying an additional 4,621 shares during the period. Lyell Wealth Management LP’s holdings in Intel were worth $4,534,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. TradeLink Capital LLC acquired a new stake in shares of Intel in the second quarter worth $646,000. Washington Trust Bank boosted its position in shares of Intel by 10.0% in the second quarter. Washington Trust Bank now owns 24,887 shares of the chip maker’s stock worth $1,489,000 after buying an additional 2,268 shares during the period. Ballast Advisors LLC boosted its position in shares of Intel by 15.1% in the second quarter. Ballast Advisors LLC now owns 7,632 shares of the chip maker’s stock worth $457,000 after buying an additional 1,000 shares during the period. Chartwell Investment Partners LLC boosted its position in shares of Intel by 1.7% in the second quarter. Chartwell Investment Partners LLC now owns 382,139 shares of the chip maker’s stock worth $22,863,000 after buying an additional 6,369 shares during the period. Finally, State of Michigan Retirement System boosted its position in shares of Intel by 21.6% in the second quarter. State of Michigan Retirement System now owns 1,821,135 shares of the chip maker’s stock worth $108,959,000 after buying an additional 324,024 shares during the period. 64.95% of the stock is owned by institutional investors and hedge funds.
Shares of INTC opened at $47.73 on Friday. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $203.00 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.31 and a beta of 0.78. The stock’s 50-day moving average price is $58.00 and its 200 day moving average price is $59.19.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.12. Intel had a return on equity of 31.55% and a net margin of 29.97%. The firm had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. During the same period in the previous year, the company posted $1.06 earnings per share. Equities research analysts expect that Intel Co. will post 4.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.32 annualized dividend and a yield of 2.77%. Intel’s dividend payout ratio is 27.10%.
A number of research firms recently issued reports on INTC. Robert W. Baird reissued a “buy” rating and set a $85.00 price objective on shares of Intel in a research report on Friday, April 24th. Nomura reissued a “buy” rating and set a $74.00 price objective on shares of Intel in a research report on Sunday, June 21st. Raymond James raised Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price objective for the company in a research report on Monday, April 6th. BNP Paribas cut Intel from an “outperform” rating to an “underperform” rating in a research report on Friday, July 24th. Finally, SunTrust Banks lifted their price objective on Intel from $58.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.67.
In related news, CEO Robert Holmes Swan acquired 8,021 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were bought at an average cost of $50.00 per share, with a total value of $401,050.00. Following the completion of the acquisition, the chief executive officer now owns 293,594 shares of the company’s stock, valued at $14,679,700. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 7,018 shares of Intel stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $59.83, for a total value of $419,886.94. Following the sale, the executive vice president now directly owns 68,942 shares in the company, valued at $4,124,799.86. The disclosure for this sale can be found here. Insiders own 0.04% 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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