Intel Co. (NASDAQ:INTC) Shares Sold by Dempze Nancy E

Dempze Nancy E trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,767 shares of the chip maker’s stock after selling 1,025 shares during the period. Dempze Nancy E’s holdings in Intel were worth $1,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Morgan Stanley grew its holdings in Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Intel by 7.4% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,035 shares of the chip maker’s stock worth $420,000 after acquiring an additional 485 shares in the last quarter. Bath Savings Trust Co grew its holdings in Intel by 2.6% during the 2nd quarter. Bath Savings Trust Co now owns 30,496 shares of the chip maker’s stock worth $1,825,000 after acquiring an additional 764 shares in the last quarter. OmniStar Financial Group Inc. grew its holdings in Intel by 148.3% during the 2nd quarter. OmniStar Financial Group Inc. now owns 15,087 shares of the chip maker’s stock worth $903,000 after acquiring an additional 9,010 shares in the last quarter. Finally, Windsor Group LTD grew its holdings in Intel by 10.2% during the 2nd quarter. Windsor Group LTD now owns 29,919 shares of the chip maker’s stock worth $1,790,000 after acquiring an additional 2,762 shares in the last quarter. 64.41% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on INTC shares. SVB Leerink started coverage on shares of Intel in a report on Friday, July 24th. They set a “hold” rating for the company. Sanford C. Bernstein reissued a “sell” rating and set a $40.00 price objective on shares of Intel in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intel from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday, October 23rd. ValuEngine upgraded shares of Intel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 10th. Finally, Northland Securities began coverage on shares of Intel in a research report on Friday, September 11th. They issued a “sell” rating and a $48.00 price target on the stock. Thirteen investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.97.

Intel stock opened at $44.28 on Friday. The stock has a market cap of $181.46 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.50 and a beta of 0.72. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $50.79 and its two-hundred day moving average price is $55.15. Intel Co. has a 52 week low of $43.61 and a 52 week high of $69.29.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 22nd. The chip maker reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The firm had revenue of $18.33 billion for the quarter, compared to analysts’ expectations of $18.26 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. Intel’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. Research analysts expect that Intel Co. will post 4.86 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be paid a $0.33 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.98%. Intel’s dividend payout ratio is currently 27.10%.

In other Intel news, CEO Robert Holmes Swan acquired 8,021 shares of the stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $44.96 per share, with a total value of $360,624.16. Following the purchase, the chief executive officer now directly owns 309,844 shares of the company’s stock, valued at approximately $13,930,586.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of Intel stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $49.28, for a total transaction of $216,832.00. Following the completion of the transaction, the vice president now directly owns 14,214 shares in the company, valued at approximately $700,465.92. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

About Intel

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.

Further Reading: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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