Duality Advisers LP Takes $5.39 Million Position in Intel Co. (NASDAQ:INTC)

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Duality Advisers LP bought a new stake in shares of Intel Co. (NASDAQ:INTC) in the 2nd quarter, Holdings Channel reports. The fund bought 90,027 shares of the chip maker’s stock, valued at approximately $5,386,000.

Other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC grew its stake in Intel by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 1,674,967 shares of the chip maker’s stock worth $100,247,000 after purchasing an additional 34,686 shares in the last quarter. Macquarie Group Ltd. raised its stake in Intel by 1.9% during the fourth quarter. Macquarie Group Ltd. now owns 16,022,368 shares of the chip maker’s stock valued at $958,938,000 after buying an additional 295,674 shares in the last quarter. Trinity Legacy Partners LLC lifted its holdings in Intel by 31.2% during the 1st quarter. Trinity Legacy Partners LLC now owns 6,015 shares of the chip maker’s stock worth $327,000 after buying an additional 1,430 shares during the last quarter. Indiana Trust & Investment Management CO grew its position in shares of Intel by 1.4% in the 1st quarter. Indiana Trust & Investment Management CO now owns 16,863 shares of the chip maker’s stock worth $913,000 after acquiring an additional 234 shares in the last quarter. Finally, TPG Financial Advisors LLC bought a new stake in shares of Intel in the 1st quarter valued at approximately $210,000. Institutional investors own 64.95% of the company’s stock.

Shares of NASDAQ INTC opened at $47.73 on Friday. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29. The company has a market cap of $203.00 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.31 and a beta of 0.78. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $58.00 and a 200-day simple moving average of $59.19.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.12. The firm had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period in the previous year, the firm earned $1.06 earnings per share. As a group, sell-side analysts expect that Intel Co. will post 4.85 EPS for the current fiscal year.

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

In other Intel news, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the completion of the sale, the executive vice president now directly owns 71,807 shares in the company, valued at $3,459,661.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Holmes Swan bought 8,021 shares of Intel stock in a transaction on Friday, July 24th. The stock was acquired at an average price of $50.00 per share, with a total value of $401,050.00. Following the completion of the purchase, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at $14,679,700. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

A number of brokerages have recently weighed in on INTC. Roth Capital downgraded Intel from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $55.00 in a report on Friday, July 24th. Cowen lowered their price target on Intel from $64.00 to $60.00 and set a “market perform” rating for the company in a report on Friday, April 24th. Wedbush lowered their price target on Intel from $52.50 to $51.00 and set an “underperform” rating for the company in a report on Friday, April 24th. Deutsche Bank downgraded Intel from a “buy” rating to a “hold” rating and lowered their price target for the company from $70.00 to $60.00 in a report on Friday, July 24th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $46.00 price target on shares of Intel in a report on Monday, July 27th. Twelve investment 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 price target of $61.67.

About Intel

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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