Intel Co. (NASDAQ:INTC) Stock Position Cut by Strs Ohio

Strs Ohio lessened its stake in Intel Co. (NASDAQ:INTC) by 9.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,484,134 shares of the chip maker’s stock after selling 247,951 shares during the period. Strs Ohio owned 0.06% of Intel worth $128,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Silver Lake Advisory LLC grew its position in Intel by 0.9% in the 3rd quarter. Silver Lake Advisory LLC now owns 101,210 shares of the chip maker’s stock valued at $5,215,000 after buying an additional 891 shares in the last quarter. BTR Capital Management Inc. grew its position in Intel by 4.5% in the 3rd quarter. BTR Capital Management Inc. now owns 28,523 shares of the chip maker’s stock valued at $1,470,000 after buying an additional 1,232 shares in the last quarter. Whittier Trust Co. grew its position in Intel by 3.1% in the 3rd quarter. Whittier Trust Co. now owns 401,014 shares of the chip maker’s stock valued at $20,660,000 after buying an additional 11,987 shares in the last quarter. Stephens Inc. AR grew its position in Intel by 3.4% in the 3rd quarter. Stephens Inc. AR now owns 373,584 shares of the chip maker’s stock valued at $19,251,000 after buying an additional 12,188 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Intel by 3.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 263,743 shares of the chip maker’s stock valued at $13,588,000 after buying an additional 9,034 shares in the last quarter. Hedge funds and other institutional investors own 65.94% of the company’s stock.

Shares of INTC traded up $0.39 during midday trading on Monday, hitting $51.75. The stock had a trading volume of 2,342,354 shares, compared to its average volume of 18,407,872. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The business has a 50-day simple moving average of $50.72 and a two-hundred day simple moving average of $49.51. The firm has a market cap of $229.74 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33.

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

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

Several research firms have recently weighed in on INTC. Zacks Investment Research upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price objective for the company in a research report on Monday, July 29th. Atlantic Securities began coverage on shares of Intel in a research report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price objective for the company. Barclays restated a “sell” rating and set a $40.00 price objective on shares of Intel in a research report on Friday, July 26th. Bank of America reduced their price objective on shares of Intel from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Tigress Financial restated a “buy” rating on shares of Intel in a research report on Friday, August 30th. Eight analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.79.

In other news, EVP Navin Shenoy sold 601 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total value of $31,107.76. Following the completion of the sale, the executive vice president now directly owns 53,063 shares of the company’s stock, valued at $2,746,540.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Holmes Swan purchased 10,918 shares of Intel stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the transaction, the chief executive officer now directly owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 41,541 shares of company stock valued at $2,135,306. Corporate insiders own 0.02% of the company’s stock.

Intel Profile

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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