Guggenheim Capital LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,430,060 shares of the chip maker’s stock after selling 413,046 shares during the quarter. Intel comprises 0.4% of Guggenheim Capital LLC’s holdings, making the stock its 8th biggest position. Guggenheim Capital LLC owned 0.07% of Intel worth $178,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Elmwood Wealth Management Inc. acquired a new position in Intel during the 1st quarter valued at approximately $110,000. Financial Gravity Wealth Inc. acquired a new position in Intel during the 1st quarter valued at approximately $120,000. Virtue Capital Management LLC acquired a new position in Intel during the 4th quarter valued at approximately $109,000. Well Done LLC acquired a new position in Intel during the 1st quarter valued at approximately $156,000. Finally, PDS Planning Inc acquired a new position in Intel during the 1st quarter valued at approximately $159,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Shares of NASDAQ INTC opened at $47.66 on Friday. Intel Co. has a 1 year low of $34.46 and a 1 year high of $57.60. The firm has a market cap of $222.78 billion, a P/E ratio of 13.77, a PEG ratio of 1.36 and a beta of 1.00. 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 posted its quarterly earnings data 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. The business had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. research analysts anticipate that Intel Co. will post 4.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, August 6th. Intel’s payout ratio is 34.68%.

INTC has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on shares of Intel from $53.00 to $57.00 and gave the company a “hold” rating in a report on Friday, April 27th. B. Riley upped their price objective on shares of Intel from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 27th. Summit Insights downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Cowen initiated coverage on shares of Intel in a report on Thursday, May 17th. They issued a “market perform” rating and a $55.00 price objective on the stock. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of Intel in a report on Monday, May 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.63.

In other Intel news, EVP Navin Shenoy sold 601 shares of the stock in a transaction on Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the transaction, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,077 shares of company stock worth $205,757. Insiders own 0.03% of the company’s stock.

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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