Steward Partners Investment Advisory LLC grew its stake in Intel Co. (NASDAQ:INTC) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,256 shares of the chip maker’s stock after buying an additional 1,487 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Intel were worth $6,331,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in INTC. BKD Wealth Advisors LLC raised its holdings in shares of Intel by 4.2% in the 4th quarter. BKD Wealth Advisors LLC now owns 56,172 shares of the chip maker’s stock worth $2,636,000 after purchasing an additional 2,276 shares during the period. Heritage Trust Co raised its holdings in shares of Intel by 1,795.9% during the 4th quarter. Heritage Trust Co now owns 51,890 shares of the chip maker’s stock valued at $2,436,000 after buying an additional 49,153 shares during the period. First American Bank grew its stake in Intel by 2.7% during the 4th quarter. First American Bank now owns 187,722 shares of the chip maker’s stock valued at $8,809,000 after purchasing an additional 4,926 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its stake in Intel by 19.2% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 8,367 shares of the chip maker’s stock valued at $393,000 after purchasing an additional 1,345 shares in the last quarter. Finally, Weather Gauge Advisory LLC acquired a new stake in Intel during the 4th quarter valued at approximately $734,000. 66.50% of the stock is owned by institutional investors.
Shares of INTC traded down $1.19 during trading hours on Friday, reaching $45.98. 23,644,529 shares of the company traded hands, compared to its average volume of 23,455,348. The firm has a fifty day moving average price of $49.06. The stock has a market cap of $207.01 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. 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 12 month low of $42.36 and a 12 month high of $59.59.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given 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 yield of 2.74%. Intel’s dividend payout ratio (DPR) is currently 27.51%.
INTC has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Intel from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. New Street Research set a $65.00 price target on Intel and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Atlantic Securities assumed coverage on Intel in a research report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price objective for the company. Wedbush upped their price target on Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a report on Friday, July 26th. Finally, Roth Capital set a $60.00 price target on Intel and gave the company a “buy” rating in a report on Friday, July 26th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.31.
In related news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $50.92, for a total transaction of $127,758.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 8,552 shares of Intel stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 36,524 shares of company stock valued at $1,844,221. 0.02% of the stock is currently owned by corporate insiders.
Intel Company 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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