WealthTrust Axiom LLC Sells 3,942 Shares of Intel Co. (NASDAQ:INTC)

WealthTrust Axiom LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 112,183 shares of the chip maker’s stock after selling 3,942 shares during the period. Intel accounts for about 2.0% of WealthTrust Axiom LLC’s portfolio, making the stock its 10th largest position. WealthTrust Axiom LLC’s holdings in Intel were worth $5,780,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ogorek Anthony Joseph NY ADV grew its holdings in Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after buying an additional 500 shares during the last quarter. Fulcrum Capital LLC acquired a new stake in Intel during the 3rd quarter valued at $201,000. Intercontinental Wealth Advisors LLC grew its holdings in Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after buying an additional 450 shares during the last quarter. Lenox Wealth Advisors LLC grew its holdings in Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after buying an additional 540 shares during the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of Intel during the second quarter worth $48,000. Hedge funds and other institutional investors own 67.21% of the company’s stock.

Several research firms have recently issued reports on INTC. Barclays raised their price objective on Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Friday, October 25th. Nomura set a $65.00 price objective on Intel and gave the stock a “buy” rating in a report on Friday, August 23rd. Goldman Sachs Group restated a “sell” rating and set a $48.00 price objective on shares of Intel in a report on Friday, October 25th. Loop Capital set a $50.00 price objective on Intel and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, Benchmark began coverage on Intel in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $55.81.

In related news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.34, for a total value of $141,357.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 1,404 shares of Intel stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.94, for a total value of $78,539.76. Following the completion of the transaction, the executive vice president now owns 58,168 shares of the company’s stock, valued at $3,253,917.92. The disclosure for this sale can be found here. Insiders sold 17,482 shares of company stock valued at $911,044 over the last quarter. Insiders own 0.02% of the company’s stock.

Shares of INTC traded up $0.22 during trading hours on Friday, hitting $58.27. The stock had a trading volume of 11,888,800 shares, compared to its average volume of 22,595,813. The firm has a market cap of $250.34 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. Intel Co. has a 12-month low of $42.86 and a 12-month high of $59.59. The company’s fifty day simple moving average is $52.89 and its 200 day simple moving average is $49.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion during the quarter, compared to the consensus estimate of $18.07 billion. Intel had a return on equity of 28.28% and a net margin of 27.46%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. As a group, sell-side analysts predict that Intel Co. will post 4.61 earnings per share for the current fiscal year.

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

Intel declared that its board has approved a share buyback program on Thursday, October 24th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the chip maker to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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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