Davidson Investment Advisors Sells 500 Shares of Intel Co. (NASDAQ:INTC)

Davidson Investment Advisors lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.9% in the second quarter, HoldingsChannel.com reports. The fund owned 4,094 shares of the chip maker’s stock after selling 500 shares during the period. Davidson Investment Advisors’ holdings in Intel were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Grandview Asset Management LLC purchased a new position in shares of Intel during the 1st quarter valued at about $25,000. Harvest Group Wealth Management LLC purchased a new position in shares of Intel during the 2nd quarter valued at about $30,000. Roble Belko & Company Inc raised its holdings in shares of Intel by 125.9% during the 1st quarter. Roble Belko & Company Inc now owns 497 shares of the chip maker’s stock valued at $32,000 after buying an additional 277 shares in the last quarter. Smith Asset Management Group LP purchased a new position in shares of Intel during the 2nd quarter valued at about $34,000. Finally, Simon Quick Advisors LLC raised its holdings in shares of Intel by 75.0% during the 1st quarter. Simon Quick Advisors LLC now owns 700 shares of the chip maker’s stock valued at $44,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.

Intel stock traded up $0.28 during mid-day trading on Wednesday, hitting $54.80. The company had a trading volume of 86,432 shares, compared to its average volume of 28,327,148. The company has a current ratio of 1.99, a quick ratio of 1.63 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $54.14 and its two-hundred day moving average price is $57.73. Intel Co. has a 12 month low of $43.61 and a 12 month high of $68.49. The company has a market capitalization of $222.32 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.22. Intel had a return on equity of 27.24% and a net margin of 23.91%. The business had revenue of $18.50 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post 4.79 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Saturday, August 7th were issued a $0.3475 dividend. This represents a $1.39 annualized dividend and a yield of 2.54%. The ex-dividend date was Thursday, August 5th. Intel’s dividend payout ratio (DPR) is 26.23%.

A number of equities analysts recently weighed in on the company. Northland Securities assumed coverage on Intel in a report on Monday, July 19th. They set a “sell” rating and a $42.00 price objective on the stock. Westpark Capital started coverage on Intel in a research note on Tuesday, May 25th. They issued a “hold” rating on the stock. The Goldman Sachs Group set a $54.31 price target on Intel in a research note on Tuesday, July 27th. Jefferies Financial Group decreased their price target on Intel from $54.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 23rd. Finally, Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, July 9th. Eleven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $60.65.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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