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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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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