FLC Capital Advisors Sells 2,310 Shares of Intel Co. (NASDAQ:INTC)

FLC Capital Advisors decreased its position in Intel Co. (NASDAQ:INTC) by 11.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,222 shares of the chip maker’s stock after selling 2,310 shares during the period. FLC Capital Advisors’ holdings in Intel were worth $404,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. NBC Securities Inc. boosted its position in Intel by 2.6% during the first quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock valued at $736,000 after purchasing an additional 418 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Intel by 6.2% in the first quarter. First Hawaiian Bank now owns 43,890 shares of the chip maker’s stock valued at $1,939,000 after buying an additional 2,549 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Intel by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 12,753 shares of the chip maker’s stock worth $563,000 after buying an additional 1,408 shares during the last quarter. Foster Group Inc. bought a new stake in Intel during the first quarter worth $319,000. Finally, Perpetual Ltd grew its position in shares of Intel by 157.7% in the 1st quarter. Perpetual Ltd now owns 53,089 shares of the chip maker’s stock valued at $2,345,000 after acquiring an additional 32,490 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $22.31 on Thursday. The company has a 50 day moving average of $21.30 and a 200-day moving average of $28.33. The company has a market cap of $94.97 billion, a PE ratio of 23.24 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Intel’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Monday, September 23rd. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. The Goldman Sachs Group cut their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, August 2nd. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.96.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the purchase, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by insiders.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.