Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by Roof Eidam & Maycock ADV

Roof Eidam & Maycock ADV lowered its position in Intel Co. (NASDAQ:INTC) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,540 shares of the chip maker’s stock after selling 640 shares during the period. Roof Eidam & Maycock ADV’s holdings in Intel were worth $1,653,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Apriem Advisors grew its holdings in Intel by 3.1% during the fourth quarter. Apriem Advisors now owns 7,074 shares of the chip maker’s stock valued at $332,000 after purchasing an additional 210 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Intel by 6.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,685 shares of the chip maker’s stock valued at $173,000 after purchasing an additional 211 shares during the last quarter. Clearwater Capital Advisors LLC grew its holdings in Intel by 3.6% during the fourth quarter. Clearwater Capital Advisors LLC now owns 6,396 shares of the chip maker’s stock valued at $300,000 after purchasing an additional 224 shares during the last quarter. SignalPoint Asset Management LLC grew its holdings in Intel by 1.6% during the fourth quarter. SignalPoint Asset Management LLC now owns 14,800 shares of the chip maker’s stock valued at $694,000 after purchasing an additional 227 shares during the last quarter. Finally, Lenox Wealth Management Inc. grew its holdings in Intel by 8.8% during the second quarter. Lenox Wealth Management Inc. now owns 2,872 shares of the chip maker’s stock valued at $137,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 66.50% of the company’s stock.

INTC has been the topic of several research analyst reports. SunTrust Banks restated a “buy” rating and issued a $58.00 price objective (up previously from $54.00) on shares of Intel in a research note on Friday, July 26th. UBS Group restated a “buy” rating and issued a $58.00 price objective on shares of Intel in a research note on Friday, July 26th. Royal Bank of Canada restated an “underperform” rating and issued a $47.00 price objective (up previously from $41.00) on shares of Intel in a research note on Friday, July 26th. Northland Securities raised their price objective on shares of Intel from $38.00 to $48.00 and gave the stock an “under perform” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of 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 given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.31.

In other Intel news, Chairman Andy D. Bryant sold 13,609 shares of Intel stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the transaction, the chairman now directly owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction on Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the transaction, the director now directly owns 44,400 shares of the company’s stock, valued at $2,328,780. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,762 shares of company stock valued at $1,654,765. Company insiders own 0.02% of the company’s stock.

INTC stock traded down $1.67 during midday trading on Monday, hitting $47.01. The stock had a trading volume of 11,202,628 shares, compared to its average volume of 20,575,874. The firm has a market capitalization of $215.65 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The stock’s 50-day simple moving average is $48.96. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share. Equities analysts forecast 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 dividend yield of 2.68%. Intel’s payout ratio is presently 27.51%.

Intel 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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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