Intel Co. (NASDAQ:INTC) Stock Position Raised by Congress Park Capital LLC

Congress Park Capital LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 12.2% in the third quarter, Holdings Channel reports. The firm owned 9,200 shares of the chip maker’s stock after buying an additional 1,000 shares during the period. Congress Park Capital LLC’s holdings in Intel were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Modus Advisors LLC acquired a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. Price Wealth LLC boosted its stake in Intel by 119.5% in the 2nd quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after buying an additional 251 shares in the last quarter. FAI Wealth Management raised its position in shares of Intel by 390.4% during the second quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after acquiring an additional 406 shares during the last quarter. Okabena Investment Services Inc. acquired a new position in Intel in the second quarter valued at about $42,000. Finally, Demars Financial Group LLC acquired a new position in Intel in the second quarter valued at about $43,000. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of the company’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 value 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 document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Following the completion of 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 three months, insiders have sold 7,491 shares of company stock valued at $365,878. Corporate insiders own 0.04% of the company’s stock.

INTC stock traded down $5.87 during 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 company’s 50 day moving average price is $51.24 and its two-hundred day moving average price is $55.53. Intel Co. has a 1-year low of $43.63 and a 1-year high of $69.29. The stock has a market cap of $229.24 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.11. The firm had revenue of $18.33 billion during the quarter, compared to the consensus estimate of $18.26 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. As a group, sell-side analysts forecast that Intel Co. will post 4.86 earnings per share for the current fiscal year.

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

INTC has been the topic of a number of research analyst reports. Barclays downgraded Intel from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $58.00 to $48.00 in a report 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. BidaskClub raised Intel from a “sell” rating to a “hold” rating in a research report on Tuesday. Mizuho cut their price target on Intel from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Finally, Loop Capital lowered their price target on shares of Intel from $59.00 to $50.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Thirteen investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average target price of $57.97.

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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