Greenwood Capital Associates LLC Has $6.80 Million Stake in Intel Co. (INTC)

Greenwood Capital Associates LLC increased its position in Intel Co. (NASDAQ:INTC) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,872 shares of the chip maker’s stock after acquiring an additional 6,755 shares during the quarter. Intel comprises about 1.6% of Greenwood Capital Associates LLC’s holdings, making the stock its 21st biggest holding. Greenwood Capital Associates LLC’s holdings in Intel were worth $6,804,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Platinum Investment Management Ltd. boosted its position in shares of Intel by 192.0% in the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock valued at $245,423,000 after acquiring an additional 3,098,600 shares during the period. Millennium Management LLC boosted its position in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock valued at $91,168,000 after acquiring an additional 3,069,040 shares during the period. FIL Ltd boosted its position in shares of Intel by 71.2% in the first quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock valued at $332,575,000 after acquiring an additional 2,655,452 shares during the period. Cantillon Capital Management LLC bought a new position in shares of Intel in the second quarter valued at approximately $121,797,000. Finally, Summit Trail Advisors LLC boosted its position in shares of Intel by 5,457.4% in the first quarter. Summit Trail Advisors LLC now owns 1,427,651 shares of the chip maker’s stock valued at $1,428,000 after acquiring an additional 1,401,962 shares during the period. Institutional investors own 65.25% of the company’s stock.

INTC stock opened at $48.99 on Friday. The company has a market cap of $221.05 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.24 and a beta of 0.88. Intel Co. has a one year low of $42.04 and a one year high of $57.60. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion for the quarter, compared to the consensus estimate of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. On average, analysts anticipate that Intel Co. will post 4.53 EPS for the current year.

The firm also recently declared 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 dividend yield of 2.45%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of Intel stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares in the company, valued at $649,758.63. The disclosure for this sale can be found here. Insiders have sold 8,747 shares of company stock worth $398,552 over the last three months. Insiders own 0.03% of the company’s stock.

A number of equities analysts have recently commented on INTC shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $68.00 price objective on shares of Intel in a research report on Monday, October 1st. MKM Partners cut their price objective on shares of Intel to $58.00 and set a “buy” rating for the company in a research report on Friday, August 24th. BidaskClub lowered shares of Intel from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Bank of America lowered shares of Intel from a “buy” rating to a “neutral” rating and cut their price objective for the company from $62.00 to $56.00 in a research report on Friday, July 27th. Finally, Raymond James lowered shares of Intel from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 25th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.27.

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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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