First Allied Advisory Services Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,768 shares of the chip maker’s stock after selling 17,392 shares during the period. First Allied Advisory Services Inc.’s holdings in Intel were worth $10,417,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. HC Financial Advisors Inc. acquired a new position in Intel in the 4th quarter worth $1,320,000. Financial Gravity Wealth Inc. acquired a new position in Intel in the 1st quarter worth $120,000. Doliver Capital Advisors LP lifted its holdings in Intel by 82.7% in the 1st quarter. Doliver Capital Advisors LP now owns 10,732 shares of the chip maker’s stock worth $559,000 after buying an additional 4,859 shares in the last quarter. Tiverton Asset Management LLC lifted its holdings in Intel by 0.5% in the 1st quarter. Tiverton Asset Management LLC now owns 449,351 shares of the chip maker’s stock worth $23,402,000 after buying an additional 2,273 shares in the last quarter. Finally, Fishman Jay A Ltd. MI lifted its holdings in Intel by 4.6% in the 1st quarter. Fishman Jay A Ltd. MI now owns 190,180 shares of the chip maker’s stock worth $9,905,000 after buying an additional 8,300 shares in the last quarter. 65.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:INTC opened at $48.11 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel Co. has a fifty-two week low of $42.04 and a fifty-two week high of $57.60. The stock has a market cap of $218.24 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s dividend payout ratio is presently 34.68%.
INTC has been the topic of a number of recent analyst reports. Credit Suisse Group cut their price objective on shares of Intel from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, July 27th. B. Riley dropped their target price on shares of Intel from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price on shares of Intel in a research report on Friday, July 27th. UBS Group raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, DZ Bank raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have issued a buy rating to the company. Intel has a consensus rating of “Hold” and a consensus target price of $55.27.
In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,747 shares of company stock valued at $398,552. Insiders own 0.03% of the company’s stock.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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