Cooper Haims Advisors LLC Purchases 2,010 Shares of Intel Co. (NASDAQ:INTC)

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Cooper Haims Advisors LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,155 shares of the chip maker’s stock after purchasing an additional 2,010 shares during the period. Intel comprises 0.3% of Cooper Haims Advisors LLC’s portfolio, making the stock its 25th largest holding. Cooper Haims Advisors LLC’s holdings in Intel were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Platinum Investment Management Ltd. increased its stake in shares of Intel by 192.0% in the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after purchasing an additional 3,098,600 shares in the last quarter. Millennium Management LLC increased its stake in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock worth $91,168,000 after purchasing an additional 3,069,040 shares in the last quarter. FIL Ltd increased its stake in shares of Intel by 71.2% in the first quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock worth $332,575,000 after purchasing an additional 2,655,452 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Intel by 5,457.4% in the first quarter. Summit Trail Advisors LLC now owns 1,427,651 shares of the chip maker’s stock worth $1,428,000 after purchasing an additional 1,401,962 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Intel by 17.8% in the first quarter. Principal Financial Group Inc. now owns 9,052,102 shares of the chip maker’s stock worth $471,433,000 after purchasing an additional 1,364,754 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Several equities analysts recently weighed in on INTC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $68.00 target price on shares of Intel in a research note on Monday, October 1st. MKM Partners lowered their price objective on shares of Intel to $58.00 and set a “buy” rating for the company in a research report on Friday, August 24th. BidaskClub lowered shares of Intel from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Bank of America lowered shares of Intel from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $62.00 to $56.00 in a report on Friday, July 27th. Finally, Raymond James lowered shares of Intel from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 25th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. Intel currently has a consensus rating of “Hold” and an average target price of $55.27.

INTC stock traded down $0.88 during trading on Friday, reaching $48.11. The company had a trading volume of 21,752,763 shares, compared to its average volume of 33,445,756. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel Co. has a twelve month low of $42.04 and a twelve month high of $57.60. The stock has a market capitalization of $227.93 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. On average, equities research analysts expect that Intel Co. will post 4.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is 34.68%.

In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,747 shares of company stock valued at $398,552. Company insiders own 0.03% of the company’s stock.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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