Intel Co. (NASDAQ:INTC) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC reduced its position in Intel Co. (NASDAQ:INTC) by 33.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,116 shares of the chip maker’s stock after selling 157,643 shares during the quarter. Capital Investment Advisors LLC’s holdings in Intel were worth $7,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel during the second quarter worth $25,000. Tributary Capital Management LLC purchased a new stake in shares of Intel during the first quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the second quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new stake in shares of Intel during the second quarter worth $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

Shares of INTC opened at $22.77 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a market capitalization of $96.93 billion, a price-to-earnings ratio of 23.72 and a beta of 1.03. The firm has a 50-day simple moving average of $21.40 and a 200-day simple moving average of $28.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, equities research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a yield of 2.20%. Intel’s dividend payout ratio is currently 52.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INTC shares. JPMorgan Chase & Co. cut their price objective on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. Northland Securities lowered their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, Morgan Stanley lowered their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.92.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.