Shine Investment Advisory Services Inc. cut its stake in shares of Intel Co. (NASDAQ:INTC) by 8.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,872 shares of the chip maker’s stock after selling 263 shares during the period. Shine Investment Advisory Services Inc.’s holdings in Intel were worth $172,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INTC. TL Private Wealth lifted its stake in Intel by 1.3% in the first quarter. TL Private Wealth now owns 13,178 shares of the chip maker’s stock valued at $774,000 after buying an additional 170 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in Intel by 17.3% during the first quarter. Bay Harbor Wealth Management LLC now owns 1,218 shares of the chip maker’s stock worth $66,000 after acquiring an additional 180 shares during the period. Bridgeworth LLC grew its holdings in Intel by 3.1% during the first quarter. Bridgeworth LLC now owns 6,283 shares of the chip maker’s stock worth $340,000 after acquiring an additional 189 shares during the period. Financial Insights Inc. grew its holdings in Intel by 5.5% during the first quarter. Financial Insights Inc. now owns 3,730 shares of the chip maker’s stock worth $202,000 after acquiring an additional 195 shares during the period. Finally, Pure Financial Advisors Inc. grew its holdings in Intel by 4.4% during the second quarter. Pure Financial Advisors Inc. now owns 4,748 shares of the chip maker’s stock worth $284,000 after acquiring an additional 199 shares during the period. 64.95% of the stock is owned by institutional investors and hedge funds.

INTC has been the topic of several research reports. Charter Equity reissued a “hold” rating on shares of Intel in a report on Friday, July 24th. Citigroup reissued a “hold” rating and issued a $58.00 target price on shares of Intel in a report on Tuesday, June 23rd. UBS Group lowered their target price on Intel from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Morgan Stanley lowered their target price on Intel from $65.00 to $61.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Finally, ValuEngine lowered Intel from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd. Twelve analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.67.

Intel stock opened at $47.73 on Friday. The stock’s 50-day moving average is $58.00 and its 200-day moving average is $59.19. The company has a market cap of $204.10 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.12. The company had revenue of $19.73 billion for the quarter, compared to the consensus estimate of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period last year, the business posted $1.06 EPS. Research analysts anticipate that Intel Co. will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be issued a $0.33 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.77%. Intel’s dividend payout ratio (DPR) is 27.10%.

In related news, CEO Robert Holmes Swan bought 8,021 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the acquisition, the chief executive officer now owns 293,594 shares in the company, valued at approximately $14,679,700. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 7,018 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $59.83, for a total value of $419,886.94. Following the sale, the executive vice president now owns 68,942 shares in the company, valued at $4,124,799.86. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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