Burns J W & Co. Inc. NY Cuts Position in Intel Co. (NASDAQ:INTC)

Burns J W & Co. Inc. NY lessened its holdings in Intel Co. (NASDAQ:INTC) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,100 shares of the chip maker’s stock after selling 320 shares during the period. Burns J W & Co. Inc. NY’s holdings in Intel were worth $1,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Delta Asset Management LLC TN increased its holdings in shares of Intel by 0.9% in the second quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock worth $1,109,000 after purchasing an additional 200 shares during the period. Mount Vernon Associates Inc. MD increased its holdings in shares of Intel by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock worth $2,202,000 after purchasing an additional 200 shares during the period. Forte Capital LLC ADV increased its holdings in shares of Intel by 2.0% in the third quarter. Forte Capital LLC ADV now owns 10,263 shares of the chip maker’s stock worth $529,000 after purchasing an additional 201 shares during the period. NTV Asset Management LLC increased its holdings in shares of Intel by 0.7% in the second quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock worth $1,351,000 after purchasing an additional 208 shares during the period. Finally, Landsberg Bennett & Dubbaneh LLC increased its holdings in shares of Intel by 3.0% in the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock worth $340,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 65.89% of the company’s stock.

In other news, Director Frank D. Yeary sold 2,509 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.18, for a total transaction of $128,410.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 13,609 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total transaction of $699,094.33. Following the sale, the chairman now owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,541 shares of company stock valued at $2,135,306. 0.02% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on INTC. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $47.00 price target (up previously from $41.00) on shares of Intel in a report on Friday, July 26th. Zacks Investment Research raised shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price target on the stock in a report on Monday, July 29th. Barclays reiterated a “sell” rating and issued a $40.00 target price on shares of Intel in a research report on Friday, July 26th. Atlantic Securities assumed coverage on shares of Intel in a research report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 target price for the company. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $47.00 target price on shares of Intel in a research report on Friday, July 26th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.79.

NASDAQ INTC traded up $1.46 during trading on Friday, hitting $52.57. 9,575,184 shares of the company’s stock traded hands, compared to its average volume of 18,505,604. The stock has a fifty day moving average of $49.72 and a two-hundred day moving average of $49.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59. The firm has a market cap of $220.28 billion, a P/E ratio of 11.48, a PEG ratio of 1.51 and a beta of 0.91.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $15.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, analysts expect that Intel Co. will post 4.38 earnings per share for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s payout ratio is 27.51%.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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