Intel Co. (NASDAQ:INTC) Shares Sold by Guardian Capital Advisors LP

Guardian Capital Advisors LP lowered its stake in Intel Co. (NASDAQ:INTCGet Rating) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,630 shares of the chip maker’s stock after selling 11,742 shares during the quarter. Guardian Capital Advisors LP’s holdings in Intel were worth $3,380,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after acquiring an additional 342,649 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Intel by 19.6% in the 1st quarter. IFM Investors Pty Ltd now owns 639,671 shares of the chip maker’s stock valued at $31,702,000 after acquiring an additional 105,016 shares during the last quarter. Axiom Financial Strategies LLC lifted its stake in Intel by 21.6% during the first quarter. Axiom Financial Strategies LLC now owns 5,944 shares of the chip maker’s stock valued at $260,000 after buying an additional 1,056 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Intel by 12.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,430,923 shares of the chip maker’s stock valued at $170,037,000 after buying an additional 368,695 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Intel by 19.0% during the first quarter. Benjamin Edwards Inc. now owns 4,815 shares of the chip maker’s stock valued at $239,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 61.52% of the company’s stock.

Intel Stock Performance

Shares of INTC traded down $0.15 during mid-day trading on Thursday, hitting $29.67. The company’s stock had a trading volume of 23,143,868 shares, compared to its average volume of 43,721,380. Intel Co. has a one year low of $24.59 and a one year high of $56.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.77. The firm has a market capitalization of $122.45 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.73. The stock’s 50-day moving average is $27.76 and its two-hundred day moving average is $34.33.

Intel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 7th will be given a $0.365 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $1.46 annualized dividend and a dividend yield of 4.92%. Intel’s dividend payout ratio is 44.92%.

Insider Activity

In other Intel news, Director Lip Bu Tan acquired 48,146 shares of Intel stock in a transaction dated Tuesday, November 8th. The stock was bought at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the transaction, the director now owns 50,500 shares of the company’s stock, valued at $1,412,990. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lip Bu Tan acquired 48,146 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was purchased at an average cost of $27.98 per share, for a total transaction of $1,347,125.08. Following the completion of the purchase, the director now directly owns 50,500 shares of the company’s stock, valued at approximately $1,412,990. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 8,830 shares of the company’s stock in a transaction on Monday, October 31st. The shares were bought at an average price of $28.16 per share, with a total value of $248,652.80. Following the completion of the purchase, the chief executive officer now directly owns 96,049 shares of the company’s stock, valued at $2,704,739.84. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 58,830 shares of company stock valued at $1,646,744. 0.02% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Northland Securities reduced their price objective on shares of Intel from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Monday, October 10th. UBS Group reduced their price objective on shares of Intel from $51.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. JPMorgan Chase & Co. assumed coverage on shares of Intel in a research note on Friday, November 11th. They set an “underweight” rating and a $32.00 price objective for the company. Citigroup reduced their price objective on shares of Intel from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 28th. Finally, StockNews.com started coverage on shares of Intel in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Nine investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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