E&G Advisors LP reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,024 shares of the chip maker’s stock after selling 200 shares during the quarter. E&G Advisors LP’s holdings in Intel were worth $826,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ogorek Anthony Joseph NY ADV boosted its stake in Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in Intel by 273.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after acquiring an additional 2,442 shares during the last quarter. Next Capital Management LLC bought a new position in Intel during the 2nd quarter valued at $48,000. Intercontinental Wealth Advisors LLC boosted its stake in Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after acquiring an additional 450 shares during the last quarter. Finally, Lenox Wealth Advisors LLC boosted its stake in Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after acquiring an additional 540 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.
In related news, CEO Robert Holmes Swan purchased 10,918 shares of Intel stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the transaction, the chief executive officer now directly owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the sale, the executive vice president now directly owns 53,063 shares of the company’s stock, valued at $2,746,540.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,541 shares of company stock valued at $2,135,306. Corporate insiders own 0.02% of the company’s stock.
A number of research analysts have commented on the stock. Sanford C. Bernstein reiterated a “sell” rating and set a $39.00 price objective on shares of Intel in a research note on Friday, July 26th. Bank of America reduced their price objective on shares of Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley increased their target price on shares of Intel from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. SunTrust Banks reissued a “buy” rating and set a $58.00 target price (up from $54.00) on shares of Intel in a report on Friday, July 26th. Finally, Barclays reissued a “sell” rating and set a $40.00 target price on shares of Intel in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.79.
Shares of NASDAQ:INTC traded up $1.25 during trading hours on Friday, hitting $52.36. 4,277,150 shares of the company’s stock traded hands, compared to its average volume of 18,505,604. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company’s fifty day simple moving average is $49.72 and its two-hundred day simple moving average is $49.56. The company has a market cap of $220.28 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts anticipate that Intel Co. will post 4.38 EPS for the current fiscal year.
The company also recently announced a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s payout ratio is 27.51%.
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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