Stevens Capital Management LP Buys Shares of 40,496 Intel Co. (NASDAQ:INTC)

Stevens Capital Management LP bought a new stake in shares of Intel Co. (NASDAQ:INTC) in the second quarter, HoldingsChannel reports. The institutional investor bought 40,496 shares of the chip maker’s stock, valued at approximately $2,273,000. Intel accounts for approximately 0.7% of Stevens Capital Management LP’s portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Roble Belko & Company Inc raised its position in Intel by 125.9% during the 1st quarter. Roble Belko & Company Inc now owns 497 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 277 shares in the last quarter. Harvest Group Wealth Management LLC purchased a new position in shares of Intel in the 2nd quarter valued at $30,000. Smith Asset Management Group LP purchased a new position in shares of Intel in the 2nd quarter valued at $34,000. Clear Perspectives Financial Planning LLC increased its holdings in shares of Intel by 189.2% in the 2nd quarter. Clear Perspectives Financial Planning LLC now owns 1,070 shares of the chip maker’s stock valued at $60,000 after acquiring an additional 700 shares during the period. Finally, Aspire Private Capital LLC increased its holdings in shares of Intel by 60.4% in the 1st quarter. Aspire Private Capital LLC now owns 1,169 shares of the chip maker’s stock valued at $75,000 after acquiring an additional 440 shares during the period. 62.24% of the stock is owned by institutional investors and hedge funds.

INTC has been the topic of a number of analyst reports. Jefferies Financial Group cut their price target on Intel from $54.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, July 23rd. Robert W. Baird reiterated a “buy” rating and issued a $85.00 price target on shares of Intel in a report on Friday, July 16th. Credit Suisse Group set a $52.62 target price on Intel in a research note on Tuesday, July 27th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, September 8th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Bank of America dropped their target price on Intel from $62.00 to $52.00 and set an “underperform” rating on the stock in a research note on Friday, July 23rd. Eleven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $60.65.

NASDAQ INTC traded up $0.33 during trading hours on Monday, reaching $54.55. The company’s stock had a trading volume of 177,684 shares, compared to its average volume of 28,047,178. The firm has a market capitalization of $221.31 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.50 and a beta of 0.60. Intel Co. has a 1-year low of $43.61 and a 1-year high of $68.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.99 and a quick ratio of 1.63. The company’s 50-day moving average is $53.81 and its two-hundred day moving average is $57.34.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 22nd. The chip maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. Intel had a return on equity of 27.24% and a net margin of 23.91%. The business had revenue of $18.50 billion during the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post 4.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Sunday, November 7th will be issued a dividend of $0.3475 per share. The ex-dividend date is Thursday, November 4th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.55%. Intel’s payout ratio is currently 26.23%.

Intel Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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