Intel Co. (NASDAQ:INTC) Position Increased by MONECO Advisors LLC

MONECO Advisors LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 12.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,256 shares of the chip maker’s stock after buying an additional 1,796 shares during the period. MONECO Advisors LLC’s holdings in Intel were worth $842,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new stake in Intel during the second quarter valued at about $25,000. Price Wealth LLC lifted its position in shares of Intel by 119.5% in the second 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 second quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after buying an additional 406 shares during the last quarter. Okabena Investment Services Inc. acquired a new position in Intel in the second quarter worth approximately $42,000. Finally, Demars Financial Group LLC acquired a new position in Intel in the second quarter worth approximately $43,000. 64.41% of the stock is owned by institutional investors.

INTC has been the topic of a number of research reports. Mizuho dropped their price objective on Intel from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada restated a “sell” rating and issued a $48.00 price objective on shares of Intel in a report on Tuesday. Barclays downgraded Intel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $58.00 to $48.00 in a report on Friday, July 24th. Sanford C. Bernstein restated a “sell” rating and issued a $45.00 price objective on shares of Intel in a report on Tuesday. Finally, BidaskClub upgraded Intel from a “sell” rating to a “hold” rating in a report on Tuesday. 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $57.97.

In other Intel news, 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 transaction of $137,168.46. Following the completion of the transaction, the executive vice president now directly owns 71,807 shares of the company’s stock, valued at $3,459,661.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 4,400 shares of Intel stock in a transaction 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 directly owns 14,214 shares of the company’s stock, valued at $700,465.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,491 shares of company stock valued at $365,878. Company insiders own 0.04% of the company’s stock.

INTC stock traded down $5.87 during midday trading on Friday, hitting $48.03. The stock had a trading volume of 1,705,586 shares, compared to its average volume of 29,738,992. The firm has a market capitalization of $229.24 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.49 and a beta of 0.72. Intel Co. has a 52 week low of $43.63 and a 52 week high of $69.29. The stock has a 50-day simple moving average of $51.24 and a 200 day simple moving average of $55.53. 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 (NASDAQ:INTC) last issued its earnings results on Thursday, October 22nd. The chip maker reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. The firm had revenue of $18.33 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. On average, equities analysts forecast that Intel Co. will post 4.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.75%. Intel’s payout ratio is presently 27.10%.

Intel Company 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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