Intel Co. (INTC) Shares Bought by Cable Hill Partners LLC

Cable Hill Partners LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 19.4% during the second quarter, HoldingsChannel.com reports. The firm owned 23,839 shares of the chip maker’s stock after buying an additional 3,875 shares during the quarter. Intel makes up approximately 0.5% of Cable Hill Partners LLC’s portfolio, making the stock its 12th biggest position. Cable Hill Partners LLC’s holdings in Intel were worth $1,185,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elmwood Wealth Management Inc. purchased a new stake in shares of Intel in the 1st quarter worth about $110,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Intel in the 1st quarter worth about $120,000. WP Advisors LLC purchased a new stake in shares of Intel in the 2nd quarter worth about $137,000. Well Done LLC purchased a new stake in shares of Intel in the 1st quarter worth about $156,000. Finally, Stelac Advisory Services LLC purchased a new stake in shares of Intel in the 1st quarter worth about $187,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

INTC opened at $46.88 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market cap of $213.75 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 1.19 and a beta of 0.97. Intel Co. has a 52-week low of $42.04 and a 52-week high of $57.60.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. As a group, analysts expect that Intel Co. will post 4.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio is currently 34.68%.

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $64.00 target price on shares of Intel and gave the stock a “buy” rating in a research report on Thursday, July 12th. Stifel Nicolaus reissued a “neutral” rating and set a $60.00 price objective on shares of Intel in a research report on Monday, July 16th. Royal Bank of Canada reissued a “neutral” rating and set a $60.00 price objective on shares of Intel in a research report on Monday, July 16th. B. Riley cut their price objective on shares of Intel from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Intel in a research report on Friday, July 27th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Intel currently has an average rating of “Hold” and an average price target of $55.33.

In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the transaction, the executive vice president now owns 30,324 shares in the company, valued at approximately $1,384,593.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

About Intel

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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