Bridge Creek Capital Management LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,879 shares of the chip maker’s stock after selling 11,895 shares during the quarter. Intel makes up 2.1% of Bridge Creek Capital Management LLC’s holdings, making the stock its 9th biggest position. Bridge Creek Capital Management LLC’s holdings in Intel were worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC lifted its holdings in 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 purchasing an additional 7,669,737 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Intel by 3,222.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,441,594 shares of the chip maker’s stock valued at $158,864,000 after purchasing an additional 3,338,000 shares during the last quarter. Platinum Investment Management Ltd. lifted its holdings in Intel by 192.0% during the 1st quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock valued at $245,423,000 after purchasing an additional 3,098,600 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in 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 purchasing an additional 3,095,697 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Intel by 232.8% during the 1st quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock valued at $91,168,000 after purchasing an additional 3,069,040 shares during the last quarter. 65.33% of the stock is owned by institutional investors.

Shares of NASDAQ INTC opened at $46.66 on Monday. 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 Co. has a 52 week low of $36.85 and a 52 week high of $57.60. The firm has a market capitalization of $218.29 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.33 and a beta of 0.97.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, topping the Zacks’ 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 company had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter last year, the business earned $0.72 earnings per share. Intel’s revenue was up 14.9% on a year-over-year basis. equities analysts anticipate that Intel Co. will post 4.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, November 6th. Intel’s payout ratio is currently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 2,213 shares of the firm’s stock in a transaction on 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 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 can be accessed through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was 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 approximately $1,950,664.07. The disclosure for this sale can be found here. Insiders sold 4,077 shares of company stock worth $205,757 in the last 90 days. 0.03% of the stock is owned by company insiders.

Several equities research analysts have issued reports on INTC shares. Sanford C. Bernstein set a $54.00 price target on Intel and gave the company a “neutral” rating in a report on Wednesday, June 6th. BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. Northland Securities downgraded Intel from a “market perform” rating to an “underperform” rating in a report on Monday, June 18th. Stifel Nicolaus raised their price target on Intel from $57.00 to $60.00 and gave the company a “hold” rating in a report on Thursday, June 21st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $65.00 price target on shares of Intel in a report on Thursday, June 21st. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.40.

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.

Featured Article: How to interpret a stock’s beta number

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.