Clean Yield Group raised its stake in shares of Intel Co. (NASDAQ:INTC) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,300 shares of the chip maker’s stock after purchasing an additional 211 shares during the quarter. Clean Yield Group’s holdings in Intel were worth $585,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Morgan Stanley increased its position in Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares during the period. Advanced Asset Management Advisors Inc grew its position in shares of Intel by 34.8% in the 2nd quarter. Advanced Asset Management Advisors Inc now owns 92,979 shares of the chip maker’s stock worth $5,563,000 after buying an additional 24,002 shares during the period. Alps Advisors Inc. grew its position in shares of Intel by 68.1% in the 2nd quarter. Alps Advisors Inc. now owns 77,606 shares of the chip maker’s stock worth $4,644,000 after buying an additional 31,437 shares during the period. Accident Compensation Corp grew its position in shares of Intel by 19.9% in the 2nd quarter. Accident Compensation Corp now owns 228,252 shares of the chip maker’s stock worth $13,657,000 after buying an additional 37,900 shares during the period. Finally, TD Asset Management Inc. grew its position in shares of Intel by 2.9% in the 2nd quarter. TD Asset Management Inc. now owns 3,621,940 shares of the chip maker’s stock worth $216,701,000 after buying an additional 102,532 shares during the period. 64.41% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on INTC. Deutsche Bank Aktiengesellschaft downgraded shares of Intel from a “buy” rating to a “hold” rating and reduced their target price for the stock from $70.00 to $60.00 in a research report on Friday, July 24th. They noted that the move was a valuation call. BMO Capital Markets reduced their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Charter Equity reaffirmed a “hold” rating on shares of Intel in a research report on Friday, July 24th. Credit Suisse Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of Intel in a research report on Monday, August 24th. Finally, BofA Securities cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, July 24th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and sixteen have given a buy rating to the company. Intel currently has an average rating of “Hold” and an average target price of $61.24.
In related news, EVP Navin Shenoy sold 2,847 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the completion of the sale, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Holmes Swan bought 8,021 shares of Intel stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average cost of $50.00 per share, with a total value of $401,050.00. Following the completion of the acquisition, 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 sold a total of 7,491 shares of company stock worth $365,878 in the last quarter. Company insiders own 0.04% of the company’s stock.
Shares of NASDAQ:INTC traded up $0.31 during trading on Friday, hitting $54.16. The company’s stock had a trading volume of 23,421,388 shares, compared to its average volume of 29,674,551. The company has a 50-day moving average of $50.81 and a 200-day moving average of $55.53. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. The firm has a market cap of $230.34 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $18.54 billion. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, research analysts anticipate that Intel Co. will post 4.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, November 6th. Intel’s dividend payout ratio (DPR) is presently 27.10%.
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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