Galibier Capital Management Ltd. Has $1.02 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Galibier Capital Management Ltd. boosted its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,320 shares of the chip maker’s stock after purchasing an additional 2,000 shares during the quarter. Intel accounts for about 0.2% of Galibier Capital Management Ltd.’s portfolio, making the stock its 24th largest holding. Galibier Capital Management Ltd.’s holdings in Intel were worth $1,022,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Baldwin Brothers LLC MA grew its position in Intel by 1.8% during the first quarter. Baldwin Brothers LLC MA now owns 12,353 shares of the chip maker’s stock valued at $612,000 after buying an additional 215 shares during the period. Kiley Juergens Wealth Management LLC increased its stake in shares of Intel by 0.6% in the 1st quarter. Kiley Juergens Wealth Management LLC now owns 33,917 shares of the chip maker’s stock valued at $1,681,000 after purchasing an additional 216 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Intel by 2.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,306 shares of the chip maker’s stock worth $412,000 after purchasing an additional 217 shares during the period. Lehman & Derafelo Financial Resources LLC grew its holdings in Intel by 4.2% in the first quarter. Lehman & Derafelo Financial Resources LLC now owns 5,483 shares of the chip maker’s stock valued at $272,000 after purchasing an additional 223 shares during the period. Finally, Van Leeuwen & Company LLC increased its position in shares of Intel by 2.6% in the fourth quarter. Van Leeuwen & Company LLC now owns 8,832 shares of the chip maker’s stock valued at $455,000 after buying an additional 224 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

Intel Trading Down 2.1 %

Shares of NASDAQ INTC traded down $0.58 during midday trading on Friday, reaching $27.49. 2,536,051 shares of the stock were exchanged, compared to its average volume of 39,319,704. The company has a market capitalization of $112.87 billion, a P/E ratio of 5.84, a P/E/G ratio of 1.68 and a beta of 0.65. The stock has a 50 day moving average price of $34.34 and a 200-day moving average price of $40.39. Intel Co. has a 52-week low of $28.04 and a 52-week high of $56.28. The company has a current ratio of 1.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.40). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $17.93 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities research analysts expect that Intel Co. will post 2.25 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be given a dividend of $0.365 per share. The ex-dividend date is Friday, November 4th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.31%. Intel’s dividend payout ratio (DPR) is 31.26%.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 14,800 shares of the stock in a transaction on Wednesday, August 24th. The shares were bought at an average price of $33.86 per share, with a total value of $501,128.00. Following the purchase, the chief executive officer now directly owns 77,216 shares in the company, valued at approximately $2,614,533.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on INTC shares. Stifel Nicolaus started coverage on shares of Intel in a research note on Wednesday, September 7th. They issued a “hold” rating and a $32.00 price target on the stock. Susquehanna cut their price target on Intel from $42.00 to $40.00 in a report on Tuesday, July 19th. DZ Bank cut Intel from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, August 2nd. Northland Securities reduced their target price on shares of Intel from $62.00 to $55.00 in a research note on Friday, July 29th. Finally, Rosenblatt Securities lowered their price target on Intel from $40.00 to $30.00 and set a “sell” rating for the company in a report on Friday, July 29th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $42.96.

About Intel

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

Featured Stories

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCGet Rating).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.