Intel Co. (NASDAQ:INTC) Stock Holdings Cut by Annex Advisory Services LLC

Annex Advisory Services LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,065 shares of the chip maker’s stock after selling 773 shares during the quarter. Annex Advisory Services LLC’s holdings in Intel were worth $469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Intel by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock worth $2,611,183,000 after acquiring an additional 2,854,921 shares in the last quarter. Morgan Stanley boosted its stake in shares of Intel by 3.8% during the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock worth $1,645,971,000 after acquiring an additional 1,108,810 shares in the last quarter. FMR LLC boosted its stake in shares of Intel by 39.2% during the 2nd quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after acquiring an additional 8,197,324 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Intel by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock worth $1,715,051,000 after acquiring an additional 863,417 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Intel by 116.0% during the 2nd quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after acquiring an additional 7,774,135 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

INTC stock traded down $1.58 during trading on Monday, reaching $46.62. 2,728,358 shares of the stock were exchanged, compared to its average volume of 29,933,998. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The company has a market capitalization of $204.99 billion, a P/E ratio of 8.59, a price-to-earnings-growth ratio of 1.50 and a beta of 0.72. The stock has a 50 day simple moving average of $51.27 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 released its earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. Intel had a return on equity of 31.55% and a net margin of 29.97%. The business had revenue of $18.33 billion for the quarter, compared to the consensus estimate of $18.26 billion. During the same period last year, the business earned $1.42 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts predict 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. This represents a $1.32 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s payout ratio is 27.10%.

In other news, VP Kevin Thomas Mcbride sold 4,400 shares of Intel 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 completion of the transaction, the vice president now owns 14,214 shares in the company, valued at $700,465.92. The transaction 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 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 of the company’s stock, valued at approximately $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 ninety days. Company insiders own 0.04% of the company’s stock.

INTC has been the subject of several research reports. BofA Securities lowered Intel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $60.00 to $45.00 in a research note on Friday. Wells Fargo & Company reduced their target price on Intel from $60.00 to $55.00 in a report on Friday, July 24th. Goldman Sachs Group set a $46.00 target price on Intel and gave the company a “sell” rating in a report on Friday. Truist reduced their target price on Intel from $61.00 to $51.00 in a report on Friday. Finally, Rosenblatt Securities restated a “sell” rating and issued a $40.00 target price (down previously from $45.00) on shares of Intel in a report on Friday. Thirteen equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and an average price target of $57.76.

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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