Bartlett & Co. LLC Sells 20,971 Shares of Intel Co. (NASDAQ:INTC)

Bartlett & Co. LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 308,613 shares of the chip maker’s stock after selling 20,971 shares during the period. Bartlett & Co. LLC’s holdings in Intel were worth $16,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. Amundi acquired a new stake in Intel during the 2nd quarter worth $1,016,365,000. Third Point LLC grew its holdings in Intel by 1,300.0% during the 2nd quarter. Third Point LLC now owns 14,000,000 shares of the chip maker’s stock worth $785,960,000 after acquiring an additional 13,000,000 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Intel by 407.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,628,572 shares of the chip maker’s stock worth $484,408,000 after acquiring an additional 6,928,482 shares during the period. Capital International Investors grew its holdings in Intel by 5.2% during the 2nd quarter. Capital International Investors now owns 105,043,103 shares of the chip maker’s stock worth $5,897,593,000 after acquiring an additional 5,214,436 shares during the period. Finally, Mn Services Vermogensbeheer B.V. acquired a new stake in Intel during the 2nd quarter worth $141,644,000. 62.03% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Frank D. Yeary bought 10,000 shares of the company’s stock in a transaction dated Monday, October 25th. The shares were bought at an average cost of $49.66 per share, with a total value of $496,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dion J. Weisler purchased 10,351 shares of the stock in a transaction on Thursday, October 28th. The stock was bought at an average cost of $48.11 per share, for a total transaction of $497,986.61. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by corporate insiders.

A number of research firms have commented on INTC. Roth Capital lowered their target price on shares of Intel from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, October 22nd. Credit Suisse Group set a $80.00 price target on shares of Intel in a report on Friday, October 22nd. Wedbush decreased their price target on shares of Intel from $50.00 to $45.00 and set an “underperform” rating for the company in a report on Friday, October 22nd. Northland Securities raised shares of Intel from an “underperform” rating to a “market perform” rating and set a $49.00 price target for the company in a report on Monday, November 1st. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $44.00 price target (down previously from $51.00) on shares of Intel in a report on Friday, October 22nd. Eleven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $56.52.

Shares of NASDAQ:INTC opened at $48.78 on Friday. The company’s 50-day moving average price is $51.77 and its two-hundred day moving average price is $53.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 1.74. Intel Co. has a one year low of $45.24 and a one year high of $68.49. The stock has a market capitalization of $198.39 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.26 and a beta of 0.52.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, topping the consensus estimate of $1.11 by $0.60. The firm had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.22 billion. Intel had a net margin of 26.89% and a return on equity of 28.74%. During the same period in the previous year, the firm posted $1.11 EPS. On average, analysts anticipate that Intel Co. will post 5.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, November 4th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.85%. Intel’s payout ratio is 26.99%.

About Intel

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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