Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by Cable Hill Partners LLC

Cable Hill Partners LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 8.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 29,758 shares of the chip maker’s stock after selling 2,807 shares during the quarter. Intel makes up 0.4% of Cable Hill Partners LLC’s portfolio, making the stock its 23rd biggest position. Cable Hill Partners LLC’s holdings in Intel were worth $1,671,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of INTC. Capital Directions Investment Advisors LLC increased its holdings in shares of Intel by 6.9% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 10,752 shares of the chip maker’s stock worth $604,000 after acquiring an additional 690 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of Intel by 9.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,630,839 shares of the chip maker’s stock worth $91,556,000 after acquiring an additional 146,457 shares during the period. Clear Perspective Advisors LLC increased its holdings in shares of Intel by 23.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 29,527 shares of the chip maker’s stock worth $1,658,000 after acquiring an additional 5,614 shares during the period. Cherry Creek Investment Advisors Inc. acquired a new stake in shares of Intel in the 2nd quarter worth about $1,827,000. Finally, Mirova increased its holdings in shares of Intel by 1.0% in the 2nd quarter. Mirova now owns 25,957 shares of the chip maker’s stock worth $1,457,000 after acquiring an additional 250 shares during the period. Institutional investors own 62.24% of the company’s stock.

Shares of INTC traded up $1.49 during midday trading on Thursday, hitting $53.75. The stock had a trading volume of 632,705 shares, compared to its average volume of 27,554,445. Intel Co. has a fifty-two week low of $43.61 and a fifty-two week high of $68.49. The business has a 50-day simple moving average of $53.65 and a two-hundred day simple moving average of $56.45. The firm has a market cap of $218.06 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. The company has a current ratio of 1.99, a quick ratio of 1.63 and a debt-to-equity ratio of 0.37.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $18.50 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Intel had a net margin of 23.91% and a return on equity of 27.24%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. On average, analysts expect that Intel Co. will post 4.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Sunday, November 7th will be issued 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 currently 26.23%.

A number of analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of Intel from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, July 23rd. Citigroup raised their target price on shares of Intel from $57.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 23rd. The Goldman Sachs Group set a $54.31 target price on shares of Intel in a research note on Tuesday, July 27th. UBS Group set a $73.00 target price on shares of Intel in a research note on Friday, July 16th. Finally, Robert W. Baird reissued a “buy” rating and set a $85.00 target price on shares of Intel in a research note on Friday, July 16th. Eleven analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.65.

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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