Regal Wealth Group Inc. Has $416,000 Stock Position in Intel Co. (NASDAQ:INTC)

Regal Wealth Group Inc. raised its position in Intel Co. (NASDAQ:INTC) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,814 shares of the chip maker’s stock after acquiring an additional 524 shares during the period. Regal Wealth Group Inc.’s holdings in Intel were worth $416,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CHICAGO TRUST Co NA raised its holdings in shares of Intel by 0.3% in the 3rd quarter. CHICAGO TRUST Co NA now owns 75,736 shares of the chip maker’s stock worth $4,035,000 after buying an additional 212 shares in the last quarter. Atlas Brown Inc. raised its holdings in shares of Intel by 4.6% in the 2nd quarter. Atlas Brown Inc. now owns 45,337 shares of the chip maker’s stock worth $2,545,000 after buying an additional 2,007 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of Intel by 1.7% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 514,160 shares of the chip maker’s stock worth $28,864,000 after buying an additional 8,370 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Intel by 1.7% in the 2nd quarter. Clearstead Advisors LLC now owns 157,399 shares of the chip maker’s stock worth $8,836,000 after buying an additional 2,660 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Intel in the 2nd quarter worth approximately $1,642,000. 62.03% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Frank D. Yeary bought 10,000 shares of the stock in a transaction that occurred on Monday, October 25th. The shares were acquired at an average price of $49.66 per share, with a total value of $496,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dion J. Weisler bought 10,351 shares of the stock in a transaction that occurred on Thursday, October 28th. The stock was bought at an average cost of $48.11 per share, for a total transaction of $497,986.61. The disclosure for this purchase can be found here. Company insiders own 0.02% of the company’s stock.

Intel stock traded up $0.66 during mid-day trading on Thursday, hitting $49.76. 25,997,071 shares of the company’s stock were exchanged, compared to its average volume of 28,296,021. The firm has a market capitalization of $202.37 billion, a P/E ratio of 9.66, a PEG ratio of 1.25 and a beta of 0.52. Intel Co. has a fifty-two week low of $45.24 and a fifty-two week high of $68.49. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company’s 50 day simple moving average is $51.98 and its 200-day simple moving average is $54.06.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Wednesday, October 20th. The chip maker reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.60. Intel had a return on equity of 28.74% and a net margin of 26.89%. The business had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.22 billion. During the same quarter last year, the business posted $1.11 EPS. Research analysts expect that Intel Co. will post 5.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Shareholders of record on Sunday, November 7th will be paid a $0.3475 dividend. This represents a $1.39 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, November 4th. Intel’s dividend payout ratio is 26.99%.

INTC has been the subject of a number of recent research reports. Morgan Stanley cut Intel from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $67.00 to $55.00 in a report on Friday, October 22nd. UBS Group cut Intel from a “buy” rating to a “neutral” rating and dropped their price target for the company from $73.00 to $58.00 in a report on Friday, October 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $44.00 price target (down from $51.00) on shares of Intel in a report on Friday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $58.00 to $55.00 and set a “hold” rating for the company in a report on Friday, October 22nd. Finally, Bank of America dropped their price target on Intel from $52.00 to $45.00 and set an “underperform” rating for the company in a report on Friday, October 22nd. Eleven analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.52.

About Intel

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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