Crewe Advisors LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 40.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,423 shares of the chip maker’s stock after selling 986 shares during the period. Crewe Advisors LLC’s holdings in Intel were worth $74,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Morgan Stanley boosted its position in shares of Intel by 3.8% during the first quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after buying an additional 1,108,810 shares during the period. Advanced Asset Management Advisors Inc boosted its position in shares of Intel by 34.8% during the second quarter. Advanced Asset Management Advisors Inc now owns 92,979 shares of the chip maker’s stock valued at $5,563,000 after buying an additional 24,002 shares during the period. Alps Advisors Inc. boosted its position in shares of Intel by 68.1% during the second quarter. Alps Advisors Inc. now owns 77,606 shares of the chip maker’s stock valued at $4,644,000 after buying an additional 31,437 shares during the period. Accident Compensation Corp raised its stake in shares of Intel by 19.9% during the second quarter. Accident Compensation Corp now owns 228,252 shares of the chip maker’s stock valued at $13,657,000 after acquiring an additional 37,900 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Intel by 2.9% during the second quarter. TD Asset Management Inc. now owns 3,621,940 shares of the chip maker’s stock valued at $216,701,000 after acquiring an additional 102,532 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.
In related news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the transaction, the executive vice president now owns 71,807 shares in the company, valued at approximately $3,459,661.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Holmes Swan purchased 8,021 shares of Intel stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $50.00 per share, with a total value of $401,050.00. Following the transaction, the chief executive officer now owns 293,594 shares in the company, valued at $14,679,700. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by corporate insiders.
NASDAQ:INTC traded down $0.52 during mid-day trading on Thursday, hitting $53.03. The company’s stock had a trading volume of 252,803 shares, compared to its average volume of 29,763,211. Intel Co. has a 1 year low of $43.63 and a 1 year 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 stock has a market cap of $227.75 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.43 and a beta of 0.72. The business’s fifty day moving average is $50.64 and its two-hundred day moving average is $55.53.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, beating the 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 company had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. During the same period in the prior year, the company earned $1.06 earnings per share. Analysts anticipate that Intel Co. will post 4.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, November 6th. Intel’s payout ratio is 27.10%.
Several research firms have recently weighed in on INTC. Deutsche Bank Aktiengesellschaft downgraded shares of Intel from a “buy” rating to a “hold” rating and decreased their price target for the company from $70.00 to $60.00 in a research note on Friday, July 24th. They noted that the move was a valuation call. ValuEngine raised shares of Intel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 10th. UBS Group lifted their price target on shares of Intel from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub raised shares of Intel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 23rd. Finally, BNP Paribas downgraded shares of Intel from an “outperform” rating to an “underperform” 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 assigned a buy rating to the company. Intel currently has an average rating of “Hold” and a consensus target price 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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