Tatro Capital LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,518 shares of the chip maker’s stock after selling 1,031 shares during the quarter. Intel makes up approximately 0.6% of Tatro Capital LLC’s holdings, making the stock its 28th biggest holding. Tatro Capital LLC’s holdings in Intel were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in Intel during the second quarter worth about $25,000. Lion Street Advisors LLC purchased a new stake in shares of Intel in the 1st quarter valued at approximately $29,000. Sailer Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $43,000. Stephenson National Bank & Trust purchased a new stake in shares of Intel in the 4th quarter valued at approximately $59,000. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Intel by 17.3% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 1,218 shares of the chip maker’s stock valued at $66,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 46,544 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the sale, the insider now owns 126,240 shares in the company, valued at approximately $7,658,980.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navin Shenoy sold 7,018 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $59.83, for a total transaction of $419,886.94. Following the completion of the sale, the executive vice president now owns 68,942 shares of the company’s stock, valued at approximately $4,124,799.86. The disclosure for this sale can be found here. Insiders sold a total of 56,410 shares of company stock valued at $3,411,259 in the last 90 days. Corporate insiders own 0.04% of the company’s stock.
INTC stock traded down $0.07 during trading on Thursday, hitting $58.54. 178,781 shares of the stock traded hands, compared to its average volume of 24,583,088. Intel Co. has a one year low of $43.63 and a one year high of $69.29. The stock has a market cap of $246.88 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.62 and a beta of 0.78. The company has a 50 day simple moving average of $60.85 and a 200 day simple moving average of $59.53. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.17. The firm had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. Intel had a net margin of 30.02% and a return on equity of 31.64%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. As a group, analysts predict that Intel Co. will post 4.81 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on INTC shares. Tigress Financial reiterated a “buy” rating on shares of Intel in a research report on Friday, June 5th. Goldman Sachs Group downgraded shares of Intel from a “neutral” rating to a “sell” rating and cut their target price for the stock from $65.00 to $54.00 in a research report on Monday. Nomura reiterated a “buy” rating and issued a $74.00 target price on shares of Intel in a research report on Sunday, June 21st. Royal Bank of Canada cut their target price on shares of Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a research report on Friday, April 24th. Finally, BNP Paribas upgraded shares of Intel from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, March 24th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have assigned a buy rating to the stock. Intel has a consensus rating of “Hold” and a consensus target price of $65.44.
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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