Quattro Financial Advisors LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the second quarter, Holdings Channel.com reports. The fund purchased 8,800 shares of the chip maker’s stock, valued at approximately $439,000.
Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of Intel by 23.6% in the 2nd quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock valued at $124,000 after buying an additional 496 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Intel by 2.5% in the 4th quarter. Wetherby Asset Management Inc. now owns 98,515 shares of the chip maker’s stock valued at $4,623,000 after buying an additional 2,414 shares during the last quarter. Advisory Resource Group bought a new stake in shares of Intel in the 1st quarter valued at about $241,000. Bath Savings Trust Co grew its position in shares of Intel by 1.9% in the 2nd quarter. Bath Savings Trust Co now owns 25,314 shares of the chip maker’s stock valued at $1,212,000 after buying an additional 468 shares during the last quarter. Finally, Callahan Advisors LLC grew its position in shares of Intel by 2.7% in the 2nd quarter. Callahan Advisors LLC now owns 296,840 shares of the chip maker’s stock valued at $14,210,000 after buying an additional 7,767 shares during the last quarter. 66.50% of the stock is owned by institutional investors.
In related news, EVP Navin Shenoy sold 1,253 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $49.24, for a total transaction of $61,697.72. Following the transaction, the executive vice president now directly owns 55,319 shares of the company’s stock, valued at approximately $2,723,907.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reed E. Hundt sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now directly owns 44,400 shares in the company, valued at $2,328,780. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,524 shares of company stock worth $1,844,221. 0.02% of the stock is owned by company insiders.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Intel Co. will post 4.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is currently 27.51%.
A number of equities research analysts have commented on INTC shares. Jefferies Financial Group set a $40.00 price target on Intel and gave the company a “sell” rating in a research report on Friday, July 26th. Bank of America reduced their price target on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a research report on Friday, April 26th. Morgan Stanley upped their price target on Intel from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price target on shares of Intel in a research report on Friday, July 26th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and a consensus target price of $54.31.
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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