Fayerweather Charles lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,193 shares of the chip maker’s stock after selling 1,065 shares during the period. Intel makes up about 2.1% of Fayerweather Charles’ holdings, making the stock its 20th largest holding. Fayerweather Charles’ holdings in Intel were worth $1,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. purchased a new position in Intel in the fourth quarter worth about $1,320,000. Banco de Sabadell S.A purchased a new position in Intel in the fourth quarter worth about $4,498,000. Amussen Hunsaker Associates LLC purchased a new position in Intel in the fourth quarter worth about $219,000. Slow Capital Inc. purchased a new position in Intel in the fourth quarter worth about $1,815,000. Finally, Stone Run Capital LLC purchased a new position in Intel in the fourth quarter worth about $231,000. Institutional investors own 65.37% of the company’s stock.

Shares of NASDAQ INTC opened at $44.88 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. The company has a market cap of $221.24 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. Intel Co. has a 12-month low of $39.28 and a 12-month high of $57.60.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. Intel had a net margin of 20.07% and a return on equity of 27.33%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. Equities research analysts anticipate that Intel Co. will post 4.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.67%. Intel’s dividend payout ratio (DPR) is 34.68%.

Several research analysts have issued reports on INTC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $68.00 target price on shares of Intel in a report on Monday, October 1st. MKM Partners decreased their target price on shares of Intel to $58.00 and set a “buy” rating for the company in a report on Friday, August 24th. BidaskClub cut shares of Intel from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Bank of America cut shares of Intel from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $56.00 in a report on Friday, July 27th. Finally, Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating in a report on Thursday, September 13th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.08.

In related news, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $47.69, for a total transaction of $28,661.69. Following the completion of the sale, the executive vice president now directly owns 40,903 shares in the company, valued at $1,950,664.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the sale, the executive vice president now owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $205,757 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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