Intel Co. (NASDAQ:INTC) Shares Sold by Meitav Dash Investments Ltd.

Meitav Dash Investments Ltd. reduced its position in shares of Intel Co. (NASDAQ:INTCGet Rating) by 17.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 84,931 shares of the chip maker’s stock after selling 17,876 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Intel were worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Wealthsource Partners LLC increased its position in Intel by 102.6% in the first quarter. Wealthsource Partners LLC now owns 43,908 shares of the chip maker’s stock worth $2,176,000 after buying an additional 22,241 shares during the period. ICICI Prudential Asset Management Co Ltd increased its position in Intel by 1.1% in the first quarter. ICICI Prudential Asset Management Co Ltd now owns 151,991 shares of the chip maker’s stock worth $7,817,000 after buying an additional 1,669 shares during the period. MONECO Advisors LLC grew its stake in shares of Intel by 2.7% in the first quarter. MONECO Advisors LLC now owns 17,524 shares of the chip maker’s stock worth $868,000 after purchasing an additional 466 shares in the last quarter. Lincoln National Corp grew its stake in shares of Intel by 45.2% in the first quarter. Lincoln National Corp now owns 88,819 shares of the chip maker’s stock worth $4,402,000 after purchasing an additional 27,637 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its stake in shares of Intel by 0.9% in the first quarter. WealthTrust Axiom LLC now owns 76,701 shares of the chip maker’s stock worth $3,801,000 after purchasing an additional 679 shares in the last quarter. 62.74% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 0.8 %

Intel stock opened at $35.39 on Friday. The firm has a market cap of $145.31 billion, a PE ratio of 7.58, a P/E/G ratio of 2.10 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The firm’s 50 day moving average price is $38.82 and its two-hundred day moving average price is $44.16. Intel Co. has a twelve month low of $35.18 and a twelve month high of $56.28.

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

Intel Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on INTC. Wedbush decreased their price target on Intel from $44.00 to $35.00 in a research note on Friday, July 29th. Barclays decreased their target price on Intel from $40.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. TheStreet cut Intel from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. UBS Group decreased their target price on Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Roth Capital decreased their target price on Intel from $48.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Nine equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $43.83.

Intel Company 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.

Featured Articles

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCGet Rating).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.