RB Capital Management LLC Has $1.47 Million Stock Position in Intel Co. (NASDAQ:INTC)

RB Capital Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,631 shares of the chip maker’s stock after selling 397 shares during the quarter. RB Capital Management LLC’s holdings in Intel were worth $1,469,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Landmark Wealth Management LLC acquired a new stake in shares of Intel during the 1st quarter worth $31,000. Joseph Group Capital Management acquired a new stake in Intel in the fourth quarter valued at about $887,000. Lansing Street Advisors bought a new position in Intel in the first quarter valued at about $28,000. Lloyd Advisory Services LLC. raised its position in Intel by 2,835.0% in the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after purchasing an additional 567 shares during the last quarter. Finally, Emerald Advisers LLC bought a new position in Intel in the first quarter valued at about $38,000. 62.74% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC traded down $0.82 during mid-day trading on Wednesday, hitting $35.37. The stock had a trading volume of 624,433 shares, compared to its average volume of 47,205,512. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.41. Intel Co. has a 52 week low of $34.40 and a 52 week high of $56.28. The firm has a market cap of $145.23 billion, a P/E ratio of 7.61, a PEG ratio of 2.14 and a beta of 0.62. The business has a fifty day moving average price of $37.65 and a 200-day moving average price of $43.36.

Intel (NASDAQ:INTCGet Rating) last posted its earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $17.93 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Intel’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts expect that Intel Co. will post 2.26 EPS for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Friday, August 5th. Intel’s payout ratio is 31.26%.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Bank of America dropped their target price on Intel from $47.00 to $39.00 and set an “underperform” rating for the company in a research report on Wednesday, June 29th. Tigress Financial restated a “buy” rating and set a $72.00 price objective on shares of Intel in a research report on Friday, June 3rd. Wedbush lowered their price objective on Intel from $44.00 to $35.00 in a research report on Friday, July 29th. Barclays lowered their price objective on Intel from $40.00 to $35.00 and set an “underweight” rating for the company in a research report on Friday, July 29th. Finally, UBS Group lowered their price objective on Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.83.

Intel Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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