BTR Capital Management Inc. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,517 shares of the chip maker’s stock after selling 1,906 shares during the quarter. BTR Capital Management Inc.’s holdings in Intel were worth $1,321,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Intel by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock worth $2,611,183,000 after acquiring an additional 2,854,921 shares in the last quarter. Morgan Stanley grew its stake in shares of Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock worth $1,645,971,000 after acquiring an additional 1,108,810 shares in the last quarter. FMR LLC grew its stake in shares of Intel by 39.2% during the 2nd quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after acquiring an additional 8,197,324 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Intel by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock worth $1,715,051,000 after acquiring an additional 863,417 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Intel by 116.0% during the 2nd quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after acquiring an additional 7,774,135 shares in the last quarter. 64.41% of the stock is owned by institutional investors and hedge funds.
In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $49.28, for a total transaction of $216,832.00. Following the sale, the vice president now directly owns 14,214 shares of the company’s stock, valued at approximately $700,465.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Holmes Swan purchased 8,021 shares of the business’s stock in a transaction on Friday, July 24th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the transaction, the chief executive officer now directly owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders have sold a total of 7,491 shares of company stock worth $365,878 over the last ninety days. 0.04% of the stock is owned by insiders.
INTC stock traded up $0.31 during midday trading on Friday, reaching $54.16. The stock had a trading volume of 23,421,388 shares, compared to its average volume of 29,674,551. The stock has a market cap of $230.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. The firm has a fifty day simple moving average of $50.81 and a two-hundred day simple moving average of $55.53. Intel Co. has a 52-week low of $43.63 and a 52-week high of $69.29.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion for the quarter, compared to the consensus estimate of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period last year, the firm earned $1.06 EPS. On average, sell-side analysts predict that Intel Co. will post 4.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, November 6th. Intel’s dividend payout ratio is currently 27.10%.
INTC has been the subject of several research reports. 140166 reaffirmed a “hold” rating and set a $58.00 price target on shares of Intel in a report on Tuesday, July 14th. Standpoint Research raised Intel from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Nomura reaffirmed a “buy” rating and set a $74.00 price target on shares of Intel in a report on Sunday, June 21st. Northland Securities began coverage on Intel in a report on Friday, September 11th. They set a “sell” rating and a $48.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $75.00 target price on shares of Intel in a report on Thursday, September 10th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average price target of $61.24.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, 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 comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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