High Falls Advisors Inc Sells 1,979 Shares of Intel Co. (NASDAQ:INTC)

High Falls Advisors Inc decreased its holdings in Intel Co. (NASDAQ:INTC) by 25.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,763 shares of the chip maker’s stock after selling 1,979 shares during the quarter. High Falls Advisors Inc’s holdings in Intel were worth $276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Investors Research Corp raised its position in Intel by 1.3% in the fourth quarter. Investors Research Corp now owns 39,254 shares of the chip maker’s stock worth $1,842,000 after acquiring an additional 500 shares in the last quarter. Twin Capital Management Inc. increased its stake in Intel by 12.0% in the 4th quarter. Twin Capital Management Inc. now owns 467,665 shares of the chip maker’s stock worth $21,948,000 after purchasing an additional 50,075 shares in the last quarter. Pinnacle Financial Partners Inc. increased its stake in Intel by 6.4% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 270,717 shares of the chip maker’s stock worth $12,705,000 after purchasing an additional 16,322 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its stake in Intel by 2.5% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 42,477 shares of the chip maker’s stock worth $1,993,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in Intel in the 4th quarter worth about $344,000. Institutional investors own 65.89% of the company’s stock.

In other Intel news, CEO Robert Holmes Swan purchased 10,918 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the acquisition, the chief executive officer now directly owns 168,955 shares in the company, valued at $7,721,243.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $52.06, for a total value of $445,165.06. Following the transaction, the executive vice president now owns 70,276 shares of the company’s stock, valued at $3,658,568.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,032 shares of company stock valued at $2,006,895. Corporate insiders own 0.02% of the company’s stock.



INTC has been the topic of a number of analyst reports. Tigress Financial reissued a “buy” rating on shares of Intel in a research note on Friday, August 30th. Loop Capital initiated coverage on Intel in a research note on Monday, August 12th. They issued a “hold” rating and a $50.00 price target on the stock. Cascend Securities reissued a “buy” rating and issued a $65.00 price target (up previously from $55.00) on shares of Intel in a research note on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $64.00 price target on shares of Intel in a research note on Friday, July 26th. Finally, Bank of America dropped their price target on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.09.

Shares of Intel stock traded up $0.29 during trading on Wednesday, hitting $50.11. 4,268,756 shares of the stock traded hands, compared to its average volume of 18,626,858. The stock has a market cap of $224.69 billion, a P/E ratio of 10.94, a PEG ratio of 1.54 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a fifty day moving average price of $48.38 and a two-hundred day moving average price of $49.80.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post 4.38 EPS for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

About Intel

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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