Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Cuts Stake in Intel Co. (NASDAQ:INTC)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its holdings in Intel Co. (NASDAQ:INTC) by 11.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,628 shares of the chip maker’s stock after selling 19,770 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Intel were worth $7,955,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Intel by 3.8% in the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares in the last quarter. Advanced Asset Management Advisors Inc boosted its position in Intel by 34.8% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 92,979 shares of the chip maker’s stock valued at $5,563,000 after buying an additional 24,002 shares during the period. Alps Advisors Inc. boosted its position in Intel by 68.1% during the 2nd quarter. Alps Advisors Inc. now owns 77,606 shares of the chip maker’s stock valued at $4,644,000 after buying an additional 31,437 shares during the period. Accident Compensation Corp boosted its position in Intel by 19.9% during the 2nd quarter. Accident Compensation Corp now owns 228,252 shares of the chip maker’s stock valued at $13,657,000 after buying an additional 37,900 shares during the period. Finally, TD Asset Management Inc. boosted its position in Intel by 2.9% during the 2nd quarter. TD Asset Management Inc. now owns 3,621,940 shares of the chip maker’s stock valued at $216,701,000 after buying an additional 102,532 shares during the period. 64.41% of the stock is owned by institutional investors.

In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $49.28, for a total transaction of $216,832.00. Following the sale, the vice president now owns 14,214 shares in the company, valued at approximately $700,465.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Holmes Swan bought 8,021 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were purchased at an average price of $50.00 per share, for a total transaction of $401,050.00. Following the purchase, the chief executive officer now owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. In the last three months, insiders sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on INTC shares. Barclays cut shares of Intel from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $58.00 to $48.00 in a research report on Friday, July 24th. BNP Paribas cut shares of Intel from an “outperform” rating to an “underperform” rating in a research report on Friday, July 24th. 140166 restated a “hold” rating and issued a $58.00 price objective on shares of Intel in a report on Tuesday, July 14th. Charter Equity restated a “hold” rating on shares of Intel in a report on Friday, July 24th. Finally, Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a report on Friday, July 24th. Twelve analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Intel has an average rating of “Hold” and an average target price of $61.24.

Shares of NASDAQ INTC traded up $0.31 during trading on Friday, reaching $54.16. 23,421,388 shares of the company traded hands, compared to its average volume of 29,674,551. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $230.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72. The firm has a 50 day simple moving average of $50.81 and a 200-day simple moving average of $55.53. Intel Co. has a 52-week low of $43.63 and a 52-week high of $69.29.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.12. The company had revenue of $19.73 billion for the quarter, compared to the consensus estimate of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same quarter last year, the firm posted $1.06 earnings per share. As a group, research analysts predict that Intel Co. will post 4.86 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, November 6th. Intel’s payout ratio is 27.10%.

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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