Lau Associates LLC Sells 8,166 Shares of Intel Co. (INTC)
Lau Associates LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,894 shares of the chip maker’s stock after selling 8,166 shares during the period. Intel accounts for about 5.5% of Lau Associates LLC’s holdings, making the stock its 4th largest holding. Lau Associates LLC’s holdings in Intel were worth $7,998,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Midwest Professional Planners LTD. grew its stake in shares of Intel by 10.7% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after buying an additional 966 shares during the last quarter. Kingfisher Capital LLC grew its stake in shares of Intel by 9.6% in the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after buying an additional 967 shares during the last quarter. Fiduciary Group LLC grew its stake in shares of Intel by 2.9% in the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after buying an additional 969 shares during the last quarter. WealthTrust Fairport LLC grew its stake in shares of Intel by 2.9% in the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after buying an additional 971 shares during the last quarter. Finally, Schnieders Capital Management LLC grew its stake in shares of Intel by 0.8% in the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock worth $6,069,000 after buying an additional 972 shares during the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on INTC shares. MKM Partners cut their price target on Intel to $58.00 and set a “buy” rating on the stock in a research note on Friday, August 24th. Bank of America downgraded Intel from a “buy” rating to a “neutral” rating and cut their price target for the stock from $62.00 to $56.00 in a research note on Friday, July 27th. Morgan Stanley upped their price target on Intel from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Macquarie set a $60.00 price target on Intel and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, BidaskClub downgraded Intel from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.55.
INTC stock opened at $44.93 on Thursday. The firm has a market capitalization of $217.31 billion, a PE ratio of 12.99, a PEG ratio of 1.33 and a beta of 0.97. Intel Co. has a 1 year low of $35.97 and a 1 year high of $57.60. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35.
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, topping the Zacks’ consensus estimate of $0.99 by $0.05. The firm had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. equities research analysts expect that Intel Co. will post 4.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Tuesday, August 7th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Intel’s dividend payout ratio (DPR) is currently 34.68%.
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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