Banco de Sabadell S.A lessened its position in Intel Co. (NASDAQ:INTC) by 53.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 44,431 shares of the chip maker’s stock after selling 50,642 shares during the period. Banco de Sabadell S.A’s holdings in Intel were worth $2,100,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after purchasing an additional 2,000 shares in the last quarter. Ironwood Financial llc increased its holdings in shares of Intel by 429.0% in the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after purchasing an additional 2,145 shares in the last quarter. Arlington Partners LLC purchased a new position in shares of Intel in the 3rd quarter valued at about $151,000. Almanack Investment Partners LLC. purchased a new position in shares of Intel in the 3rd quarter valued at about $155,000. Finally, Cerebellum GP LLC purchased a new position in shares of Intel in the 3rd quarter valued at about $188,000. Institutional investors own 63.78% of the company’s stock.

Shares of NASDAQ INTC opened at $53.44 on Friday. The stock has a market cap of $254.36 billion, a PE ratio of 11.67, a PEG ratio of 1.41 and a beta of 0.79. Intel Co. has a 12 month low of $42.36 and a 12 month high of $57.60. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, research analysts predict that Intel Co. will post 4.5 earnings per share for the current fiscal year.

Intel announced that its board has initiated a stock buyback program on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 7th were issued a dividend of $0.315 per share. The ex-dividend date was Wednesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.36%. Intel’s payout ratio is 27.51%.

In related news, Chairman Andy D. Bryant sold 11,734 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Navin Shenoy sold 14,493 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $768,563.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,262 shares of company stock valued at $2,061,469. Insiders own 0.03% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Northland Securities reiterated a “sell” rating and issued a $38.00 price target on shares of Intel in a report on Tuesday, February 26th. Deutsche Bank increased their price target on shares of Intel from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Morgan Stanley upgraded shares of Intel from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $55.00 to $64.00 in a report on Friday, February 22nd. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Sanford C. Bernstein set a $42.00 target price on shares of Intel and gave the company a “sell” rating in a report on Thursday, January 31st. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $54.33.

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Intel Company 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.

Further Reading: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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