Blume Capital Management Inc. Has $4.71 Million Holdings in Intel Co. (NASDAQ:INTC)

Blume Capital Management Inc. lifted its position in shares of Intel Co. (NASDAQ:INTC) by 3.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 83,811 shares of the chip maker’s stock after purchasing an additional 3,117 shares during the quarter. Intel accounts for approximately 1.7% of Blume Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Blume Capital Management Inc.’s holdings in Intel were worth $4,705,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Aviance Capital Partners LLC boosted its stake in Intel by 1.0% in the 2nd quarter. Aviance Capital Partners LLC now owns 18,479 shares of the chip maker’s stock valued at $1,037,000 after buying an additional 186 shares in the last quarter. River Wealth Advisors LLC raised its position in shares of Intel by 0.7% during the second quarter. River Wealth Advisors LLC now owns 26,071 shares of the chip maker’s stock worth $1,464,000 after acquiring an additional 186 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV raised its position in shares of Intel by 1.8% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 10,977 shares of the chip maker’s stock worth $615,000 after acquiring an additional 191 shares during the last quarter. Aries Wealth Management raised its position in shares of Intel by 0.6% during the second quarter. Aries Wealth Management now owns 30,786 shares of the chip maker’s stock worth $1,728,000 after acquiring an additional 195 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC raised its position in shares of Intel by 3.6% during the first quarter. Sustainable Insight Capital Management LLC now owns 5,800 shares of the chip maker’s stock worth $371,000 after acquiring an additional 200 shares during the last quarter. 62.24% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group set a $52.62 target price on Intel in a research report on Tuesday, July 27th. Citigroup upped their price objective on Intel from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 23rd. Roth Capital dropped their price objective on Intel from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 23rd. Robert W. Baird restated a “buy” rating and issued a $85.00 price target on shares of Intel in a report on Friday, July 16th. Finally, The Goldman Sachs Group set a $54.31 price target on Intel in a report on Tuesday, July 27th. Eleven analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.65.

Shares of INTC stock traded up $0.26 during mid-day trading on Wednesday, hitting $54.78. The company’s stock had a trading volume of 241,376 shares, compared to its average volume of 28,327,148. Intel Co. has a 52 week low of $43.61 and a 52 week high of $68.49. The company has a market cap of $222.24 billion, a PE ratio of 12.18, a P/E/G ratio of 1.50 and a beta of 0.60. The company’s fifty day simple moving average is $54.14 and its 200-day simple moving average is $57.73. 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 issued its earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Intel had a return on equity of 27.24% and a net margin of 23.91%. The business had revenue of $18.50 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same period in the previous year, the company posted $1.23 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post 4.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Saturday, August 7th were given a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, August 5th. Intel’s payout ratio is 26.23%.

Intel Company Profile

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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