Atalanta Sosnoff Capital LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,327,923 shares of the chip maker’s stock after selling 142,275 shares during the quarter. Intel comprises about 2.2% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Atalanta Sosnoff Capital LLC’s holdings in Intel were worth $66,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in INTC. Elmwood Wealth Management Inc. purchased a new position in shares of Intel in the first quarter worth $110,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel in the first quarter worth $120,000. Virtue Capital Management LLC purchased a new position in shares of Intel in the fourth quarter worth $109,000. Well Done LLC purchased a new position in shares of Intel in the first quarter worth $156,000. Finally, PDS Planning Inc purchased a new position in shares of Intel in the first quarter worth $159,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

In other news, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $52.43, for a total value of $116,027.59. Following the transaction, the executive vice president now directly owns 23,268 shares in the company, valued at $1,219,941.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the transaction, the executive vice president now owns 40,903 shares in the company, valued at $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $205,757 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on the company. Stifel Nicolaus restated a “neutral” rating and issued a $60.00 price target on shares of Intel in a research note on Monday, July 16th. Cowen decreased their price target on Intel from $54.00 to $52.00 and set a “market perform” rating for the company in a research note on Friday, July 27th. Royal Bank of Canada restated a “neutral” rating and issued a $60.00 price target on shares of Intel in a research note on Monday, July 16th. Barclays cut Intel from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $62.00 to $53.00 in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $68.00 price target on shares of Intel in a research note on Thursday, August 9th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.63.

NASDAQ:INTC opened at $46.45 on Friday. Intel Co. has a 52-week low of $35.08 and a 52-week high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The stock has a market cap of $221.10 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.35 and a beta of 0.97.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The business had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. Intel’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts predict that Intel Co. will post 4.15 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, August 6th. Intel’s dividend payout ratio is presently 34.68%.

Intel Profile

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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