Kistler Tiffany Companies LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,555 shares of the chip maker’s stock after selling 1,865 shares during the period. Kistler Tiffany Companies LLC’s holdings in Intel were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Ogorek Anthony Joseph NY ADV lifted its position in shares of Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of Intel by 273.2% during the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after purchasing an additional 2,442 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Intel during the second quarter valued at about $48,000. Intercontinental Wealth Advisors LLC lifted its position in shares of Intel by 83.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC lifted its position in shares of Intel by 117.4% during the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. 65.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on INTC shares. Morgan Stanley raised their price target on shares of Intel from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Royal Bank of Canada reissued an “underperform” rating and set a $47.00 price target (up from $41.00) on shares of Intel in a research report on Friday, July 26th. Roth Capital set a $60.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Friday, July 26th. Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Friday, July 26th. Finally, Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price objective for the company in a report on Friday, August 16th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Intel has an average rating of “Hold” and a consensus price target of $53.79.
INTC opened at $51.36 on Monday. The company has a market capitalization of $229.74 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.58 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $50.72 and a 200-day moving average price of $49.51. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that Intel Co. will post 4.38 earnings per share for the current fiscal year.
The firm also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s payout ratio is 27.51%.
In other news, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the transaction, the director now owns 44,400 shares in the company, valued at $2,328,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction dated 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 transaction, the executive vice president now owns 53,063 shares of the company’s stock, valued at approximately $2,746,540.88. The disclosure for this sale can be found here. Insiders sold 41,541 shares of company stock valued at $2,135,306 in the last quarter. Corporate insiders own 0.02% of the company’s stock.
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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