Rothschild Investment Corp IL Reduces Holdings in Intel Co. (NASDAQ:INTC)

Rothschild Investment Corp IL reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 18.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,035 shares of the chip maker’s stock after selling 29,250 shares during the quarter. Rothschild Investment Corp IL’s holdings in Intel were worth $6,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Tributary Capital Management LLC purchased a new stake in shares of Intel during the fourth quarter worth about $28,000. Virtus ETF Advisers LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $48,000. Stevens First Principles Investment Advisors acquired a new stake in shares of Intel in the fourth quarter worth approximately $53,000. Contravisory Investment Management Inc. boosted its position in shares of Intel by 234.1% in the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after acquiring an additional 803 shares during the last quarter. Finally, Thor Advisors LLC acquired a new stake in shares of Intel in the first quarter worth approximately $72,000. Hedge funds and other institutional investors own 65.92% of the company’s stock.

In other news, EVP Navin Shenoy sold 1,254 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.02% of the company’s stock.

INTC stock traded down $0.31 during midday trading on Wednesday, reaching $51.39. 770,140 shares of the company’s stock traded hands, compared to its average volume of 18,428,554. The company has a market cap of $230.97 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The stock’s 50-day simple moving average is $48.75.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the previous year, the company posted $1.04 earnings per share. Intel’s revenue was down 2.7% compared to the same quarter last year. Equities analysts expect that Intel Co. will post 4.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.45%. Intel’s payout ratio is currently 27.51%.

Several equities research analysts recently issued reports on the stock. Macquarie set a $60.00 target price on shares of Intel and gave the stock a “buy” rating in a research report on Friday, April 26th. Benchmark assumed coverage on shares of Silicon Laboratories in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 target price on the stock. Citigroup set a $180.00 target price on shares of Deckers Outdoor and gave the stock a “hold” rating in a research report on Friday, July 26th. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Daiwa Capital Markets cut shares of Intel from an “outperform” rating to a “neutral” rating in a research report on Monday, April 29th. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. Intel currently has an average rating of “Hold” and an average target price of $54.31.

Intel Profile

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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