Sabal Trust CO decreased its position in Intel Co. (NASDAQ:INTC) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,390 shares of the chip maker’s stock after selling 8,197 shares during the period. Sabal Trust CO’s holdings in Intel were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of INTC. Dimensional Fund Advisors LP grew its position in Intel by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock worth $2,651,194,000 after purchasing an additional 295,380 shares during the period. LSV Asset Management grew its position in Intel by 2.0% during the 1st quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock worth $1,289,509,000 after purchasing an additional 482,570 shares during the period. Alliancebernstein L.P. grew its position in shares of Intel by 14.7% during the 4th quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock valued at $1,116,510,000 after acquiring an additional 3,095,697 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Intel by 47.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock valued at $1,094,509,000 after acquiring an additional 7,669,737 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Intel by 3.3% during the 2nd quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock valued at $1,164,993,000 after acquiring an additional 745,116 shares during the period. Institutional investors own 65.50% of the company’s stock.

INTC stock opened at $45.54 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. Intel Co. has a 12-month low of $36.22 and a 12-month high of $57.60. The stock has a market capitalization of $210.20 billion, a P/E ratio of 11.23, a PEG ratio of 1.29 and a beta of 0.97.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Intel’s dividend payout ratio (DPR) is 34.68%.

In other Intel news, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the transaction, the executive vice president now directly owns 23,268 shares in the company, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders sold a total of 4,077 shares of company stock worth $205,757 over the last three months. Corporate insiders own 0.03% of the company’s stock.

A number of research firms have recently commented on INTC. Summit Insights cut Intel from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Stifel Nicolaus restated a “neutral” rating and set a $52.00 target price on shares of Intel in a research report on Thursday, August 9th. Sanford C. Bernstein set a $54.00 target price on Intel and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Barclays cut Intel from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $62.00 to $53.00 in a research report on Monday, August 6th. Finally, BidaskClub cut Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.55.

Intel Company 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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