Eagle Global Advisors LLC lowered its position in Intel Co. (NASDAQ:INTC) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,916 shares of the chip maker’s stock after selling 225 shares during the quarter. Eagle Global Advisors LLC’s holdings in Intel were worth $617,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Archford Capital Strategies LLC boosted its stake in shares of Intel by 2.9% during the third quarter. Archford Capital Strategies LLC now owns 6,639 shares of the chip maker’s stock valued at $344,000 after acquiring an additional 190 shares during the last quarter. Pure Financial Advisors Inc. boosted its stake in Intel by 4.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 4,748 shares of the chip maker’s stock worth $284,000 after buying an additional 199 shares during the last quarter. NewFocus Financial Group LLC boosted its stake in Intel by 3.7% in the 2nd quarter. NewFocus Financial Group LLC now owns 5,585 shares of the chip maker’s stock worth $334,000 after buying an additional 200 shares during the last quarter. Clarity Wealth Advisors LLC boosted its stake in Intel by 1.7% in the 3rd quarter. Clarity Wealth Advisors LLC now owns 11,905 shares of the chip maker’s stock worth $616,000 after buying an additional 200 shares during the last quarter. Finally, RMB Capital Management LLC boosted its stake in Intel by 1.7% in the 2nd quarter. RMB Capital Management LLC now owns 12,588 shares of the chip maker’s stock worth $753,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 64.41% of the company’s stock.

In related news, EVP Navin Shenoy sold 2,847 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the transaction, the executive vice president now owns 71,807 shares in the company, valued at approximately $3,459,661.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $49.28, for a total value of $216,832.00. Following the transaction, the vice president now owns 14,214 shares of the company’s stock, valued at approximately $700,465.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,491 shares of company stock valued at $365,878. Insiders own 0.04% of the company’s stock.

A number of brokerages have issued reports on INTC. BNP Paribas lowered Intel from an “outperform” rating to an “underperform” rating in a research note on Friday, July 24th. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a report on Monday, July 27th. Loop Capital cut their price objective on Intel from $59.00 to $50.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Tigress Financial restated a “buy” rating on shares of Intel in a report on Thursday, July 30th. Finally, Northland Securities began coverage on Intel in a report on Friday, September 11th. They issued a “sell” rating and a $48.00 price objective on the stock. Thirteen investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.97.

Shares of INTC traded down $5.70 during mid-day trading on Friday, hitting $48.20. The stock had a trading volume of 97,322,490 shares, compared to its average volume of 30,077,471. The company has a market cap of $204.99 billion, a PE ratio of 8.88, a PEG ratio of 1.50 and a beta of 0.72. The company’s fifty day simple moving average is $51.27 and its two-hundred day simple moving average is $55.53. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $43.63 and a fifty-two week high of $69.29.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be given a $0.33 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.74%. Intel’s payout ratio is 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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