Sunflower Bank NA Wealth Management lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,475 shares of the chip maker’s stock after selling 4,585 shares during the period. Sunflower Bank NA Wealth Management’s holdings in Intel were worth $1,008,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of INTC. Modus Advisors LLC acquired a new position in shares of Intel during the 2nd quarter worth $25,000. Price Wealth LLC increased its holdings in Intel by 119.5% in the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock worth $28,000 after purchasing an additional 251 shares in the last quarter. FAI Wealth Management increased its holdings in Intel by 390.4% in the 2nd quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after purchasing an additional 406 shares in the last quarter. Okabena Investment Services Inc. acquired a new position in Intel in the 2nd quarter worth about $42,000. Finally, Demars Financial Group LLC acquired a new position in Intel in the 2nd quarter worth about $43,000. 64.41% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on INTC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Tuesday, July 7th. 140166 upped their target price on Intel from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley lowered their target price on Intel from $61.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $40.00 price target (down previously from $45.00) on shares of Intel in a research report on Friday. Thirteen analysts have rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.97.

Shares of NASDAQ:INTC traded down $5.70 during mid-day trading on Friday, hitting $48.20. 97,322,490 shares of the company traded hands, compared to its average volume of 30,077,471. The stock has a market cap of $204.99 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.50 and a beta of 0.72. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $43.63 and a 12-month high of $69.29. The stock has a 50-day moving average price of $51.27 and a two-hundred day moving average price of $55.53.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.74%. Intel’s dividend payout ratio (DPR) is currently 27.10%.

In related news, VP Kevin Thomas Mcbride sold 4,400 shares of Intel stock in a transaction on Monday, September 21st. The stock was sold at an average price of $49.28, for a total transaction of $216,832.00. Following the sale, the vice president now directly owns 14,214 shares in the company, valued at $700,465.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction on Friday, July 31st. The stock was sold at an average price of $48.18, for a total value of $137,168.46. Following the sale, the executive vice president now owns 71,807 shares in the company, valued at $3,459,661.26. The disclosure for this sale can be found here. Insiders have sold 7,491 shares of company stock worth $365,878 over the last quarter. 0.04% of the stock is currently owned by corporate insiders.

About Intel

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.

Further Reading: Hedge Funds – Risk or Reward?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.