Sanders Morris Harris LLC bought a new position in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,095 shares of the chip maker’s stock, valued at approximately $811,000.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Public Employees Retirement Association of Colorado raised its position in Intel by 4.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 824,718 shares of the chip maker’s stock worth $44,634,000 after purchasing an additional 32,604 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Intel by 9.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 4,090,372 shares of the chip maker’s stock worth $221,371,000 after purchasing an additional 361,025 shares during the last quarter. Morgan Stanley raised its position in Intel by 3.8% in the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock worth $1,645,971,000 after purchasing an additional 1,108,810 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Intel by 802.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,604 shares of the chip maker’s stock worth $357,000 after purchasing an additional 5,872 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Intel in the 1st quarter worth approximately $8,716,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert Holmes Swan bought 8,021 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the purchase, the chief executive officer now owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 2,847 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the sale, the executive vice president now owns 71,807 shares of the company’s stock, valued at $3,459,661.26. The disclosure for this sale can be found here. Insiders sold a total of 7,491 shares of company stock valued at $365,878 over the last quarter. 0.04% of the stock is currently owned by company insiders.

Several research analysts recently weighed in on INTC shares. Bank of America cut shares of Intel from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $62.00 in a research report on Friday, July 24th. Goldman Sachs Group reiterated a “sell” rating and set a $46.00 target price on shares of Intel in a research report on Monday, July 27th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $75.00 target price on shares of Intel in a research report on Thursday, September 10th. Tigress Financial reiterated a “buy” rating on shares of Intel in a research report on Thursday, July 30th. Finally, Northland Securities assumed coverage on shares of Intel in a research report on Friday, September 11th. They set a “sell” rating and a $48.00 target price for the company. Twelve research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $61.24.

Shares of Intel stock traded up $0.31 during trading hours on Friday, reaching $54.16. 23,421,388 shares of the company’s stock were exchanged, compared to its average volume of 29,674,551. The company has a 50 day moving average of $50.81 and a two-hundred day moving average of $55.53. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29. 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 stock has a market cap of $230.34 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. During the same period in the prior year, the business posted $1.06 EPS. As a group, analysts expect that Intel Co. will post 4.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors 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 yield of 2.44%. Intel’s dividend payout ratio (DPR) is currently 27.10%.

Intel Profile

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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