Intel Co. (NASDAQ:INTC) Shares Bought by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,810 shares of the chip maker’s stock after purchasing an additional 645 shares during the quarter. Intel accounts for 1.0% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 25th biggest position. SevenBridge Financial Group LLC’s holdings in Intel were worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in INTC. E&G Advisors LP raised its stake in Intel by 3.2% during the second quarter. E&G Advisors LP now owns 16,224 shares of the chip maker’s stock valued at $777,000 after buying an additional 500 shares in the last quarter. West Oak Capital LLC raised its stake in Intel by 0.5% during the second quarter. West Oak Capital LLC now owns 47,361 shares of the chip maker’s stock valued at $2,267,000 after buying an additional 255 shares in the last quarter. Northstar Group Inc. raised its stake in Intel by 7.3% during the second quarter. Northstar Group Inc. now owns 34,370 shares of the chip maker’s stock valued at $1,645,000 after buying an additional 2,338 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in Intel by 0.4% during the second quarter. Community Bank & Trust Waco Texas now owns 140,074 shares of the chip maker’s stock valued at $6,705,000 after buying an additional 573 shares in the last quarter. Finally, Smith Salley & Associates raised its stake in Intel by 10.8% during the second quarter. Smith Salley & Associates now owns 6,596 shares of the chip maker’s stock valued at $316,000 after buying an additional 645 shares in the last quarter. Institutional investors and hedge funds own 65.92% of the company’s stock.

Several analysts have issued reports on INTC shares. BMO Capital Markets cut Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective on the stock. in a research note on Thursday, May 9th. Wells Fargo & Co cut their price objective on Intel from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Deutsche Bank restated a “buy” rating and set a $62.00 price objective (up previously from $60.00) on shares of Intel in a research note on Friday, July 26th. Cascend Securities restated a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Intel in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded Intel from a “sell” rating to a “hold” rating and set a $54.00 price objective on the stock in a research note on Monday, July 29th. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $54.31.

INTC stock traded down $0.82 on Friday, reaching $48.68. The company’s stock had a trading volume of 27,870,693 shares, compared to its average volume of 18,874,836. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company has a market capitalization of $223.94 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.54 and a beta of 0.88. The business has a fifty day simple moving average of $48.96. 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 (NASDAQ:INTC) last issued its quarterly earnings data 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 return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. During the same period in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts anticipate that Intel Co. will post 4.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is 27.51%.

In other Intel news, Chairman Andy D. Bryant sold 13,609 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total value of $699,094.33. Following the completion of the sale, the chairman now directly owns 450,591 shares in the company, valued at $23,146,859.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the company’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 value of $31,107.76. Following the completion of the sale, the executive vice president now owns 53,063 shares of the company’s stock, valued at $2,746,540.88. The disclosure for this sale can be found here. Insiders sold a total of 32,762 shares of company stock valued at $1,654,765 over the last three months. Corporate insiders own 0.02% of the company’s stock.

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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