Signature Estate & Investment Advisors LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

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Signature Estate & Investment Advisors LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 22.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,715 shares of the chip maker’s stock after selling 791 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Intel were worth $130,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ogorek Anthony Joseph NY ADV increased its position in Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Global Trust Asset Management LLC increased its position in Intel by 273.2% during the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after purchasing an additional 2,442 shares during the last quarter. Virtus ETF Advisers LLC acquired a new stake in Intel during the fourth quarter worth about $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel during the fourth quarter worth about $53,000. Finally, Contravisory Investment Management Inc. increased its position in Intel by 234.1% during the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after purchasing an additional 803 shares during the last quarter. 66.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Intel stock opened at $46.60 on Tuesday. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a 50 day moving average of $48.79 and a 200 day moving average of $50.13. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $206.00 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.42 and a beta of 0.88.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts anticipate that Intel Co. will post 4.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued 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 yield of 2.70%. Intel’s payout ratio is currently 27.51%.

In other Intel news, Chairman Andy D. Bryant sold 13,609 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total transaction of $699,094.33. Following the sale, the chairman now owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the sale, the executive vice president now directly owns 53,063 shares in the company, valued at approximately $2,746,540.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,524 shares of company stock worth $1,844,221. 0.02% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on the stock. Daiwa Capital Markets cut shares of Intel from an “outperform” rating to a “neutral” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 target price on shares of Intel in a research note on Friday, July 26th. BMO Capital Markets lowered shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price for the company. in a research note on Thursday, May 9th. Credit Suisse Group set a $58.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Jefferies Financial Group set a $40.00 target price on shares of Intel and gave the stock a “sell” rating in a research note on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.19.

About Intel

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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