RKL Wealth Management LLC lessened its position in Intel Co. (NASDAQ:INTC) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,949 shares of the chip maker’s stock after selling 394 shares during the quarter. RKL Wealth Management LLC’s holdings in Intel were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INTC. Thoroughbred Financial Services LLC increased its holdings in Intel by 4,885.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,548,597 shares of the chip maker’s stock worth $254,860,000 after purchasing an additional 2,497,476 shares during the period. Swedbank increased its holdings in Intel by 49.3% during the 2nd quarter. Swedbank now owns 5,457,971 shares of the chip maker’s stock worth $261,273,000 after purchasing an additional 1,803,296 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in Intel by 197.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,216,066 shares of the chip maker’s stock worth $90,977,000 after purchasing an additional 1,471,705 shares during the period. Schafer Cullen Capital Management Inc increased its holdings in Intel by 74.9% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 2,888,063 shares of the chip maker’s stock worth $144,172,000 after purchasing an additional 1,236,845 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Intel by 610.1% in the 2nd quarter. SG Americas Securities LLC now owns 1,418,945 shares of the chip maker’s stock valued at $67,925,000 after acquiring an additional 1,219,115 shares during the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

In related news, EVP Navin Shenoy sold 1,253 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $49.24, for a total value of $61,697.72. Following the completion of the sale, the executive vice president now owns 55,319 shares in the company, valued at $2,723,907.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 13,609 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the sale, the chairman now owns 450,591 shares of the company’s stock, valued at approximately $23,146,859.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,524 shares of company stock worth $1,844,221. Corporate insiders own 0.02% of the company’s stock.

Shares of INTC stock traded up $0.42 during trading hours on Wednesday, reaching $47.02. 3,409,715 shares of the company’s stock were exchanged, compared to its average volume of 25,929,204. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. The company’s 50 day moving average is $48.76 and its two-hundred day moving average is $50.13. The company has a market cap of $206.00 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. As a group, analysts predict that Intel Co. will post 4.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a dividend of $0.315 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.68%. Intel’s payout ratio is currently 27.51%.

A number of research firms have recently commented on INTC. Bank of America dropped their price objective on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Atlantic Securities began coverage on Intel in a report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price objective on the stock. Barclays reiterated a “sell” rating and issued a $40.00 price objective on shares of Intel in a report on Friday, July 26th. Benchmark began coverage on Intel in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Finally, Northland Securities upgraded Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price objective on the stock in a report on Friday, August 16th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.19.

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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