Intel Co. (NASDAQ:INTC) is Hayek Kallen Investment Management’s 6th Largest Position

Hayek Kallen Investment Management trimmed its stake in Intel Co. (NASDAQ:INTC) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,975 shares of the chip maker’s stock after selling 674 shares during the quarter. Intel accounts for 3.6% of Hayek Kallen Investment Management’s portfolio, making the stock its 6th largest position. Hayek Kallen Investment Management’s holdings in Intel were worth $5,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in Intel by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 24,959,006 shares of the chip maker’s stock valued at $1,171,326,000 after acquiring an additional 803,207 shares in the last quarter. FMR LLC grew its holdings in Intel by 5.5% during the first quarter. FMR LLC now owns 21,740,723 shares of the chip maker’s stock valued at $1,167,477,000 after purchasing an additional 1,133,474 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Intel by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,417,125 shares of the chip maker’s stock valued at $723,526,000 after purchasing an additional 824,109 shares during the last quarter. APG Asset Management N.V. grew its holdings in Intel by 8.0% during the fourth quarter. APG Asset Management N.V. now owns 10,165,374 shares of the chip maker’s stock valued at $417,321,000 after purchasing an additional 755,800 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Intel by 1.7% during the fourth quarter. Nordea Investment Management AB now owns 7,145,109 shares of the chip maker’s stock valued at $335,319,000 after purchasing an additional 122,805 shares during the last quarter. 65.92% of the stock is owned by institutional investors and hedge funds.

INTC has been the topic of several analyst reports. Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. JPMorgan Chase & Co. increased their price target on PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Benchmark initiated coverage on Silicon Laboratories in a report on Tuesday, July 23rd. They set a “buy” rating and a $120.00 price target on the stock. Finally, Robert W. Baird set a $81.00 price target on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $54.31.

In other Intel news, EVP Navin Shenoy sold 8,552 shares of Intel stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $46.78, for a total transaction of $400,062.56. Following the completion of the transaction, the executive vice president now directly owns 68,833 shares of the company’s stock, valued at $3,220,007.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by company insiders.

Shares of INTC stock opened at $51.70 on Wednesday. The company has a market capitalization of $230.97 billion, a PE ratio of 11.29, a P/E/G ratio of 1.66 and a beta of 0.84. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The business has a fifty day moving average price of $48.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share. Research analysts anticipate that Intel Co. will post 4.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.44%. Intel’s payout ratio is presently 27.51%.

About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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