Brown Advisory Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the third quarter, Holdings Channel reports. The institutional investor owned 671,789 shares of the chip maker’s stock after selling 9,973 shares during the quarter. Brown Advisory Inc.’s holdings in Intel were worth $25,582,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Financial Engines Advisors L.L.C. purchased a new position in Intel during the 3rd quarter valued at $119,000. Acrospire Investment Management LLC increased its position in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its position in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the period. Burt Wealth Advisors increased its position in Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. Finally, Family Capital Trust Co increased its position in Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 67.48% of the company’s stock.
Intel Co. (INTC) opened at $45.56 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The stock has a market cap of $213,220.00, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. Intel Co. has a one year low of $33.23 and a one year high of $50.85.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 38.34%.
A number of research analysts have issued reports on the stock. Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC boosted their price objective on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective on the stock. in a research report on Wednesday, January 17th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.33.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now owns 263,382 shares in the company, valued at approximately $13,011,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 in the last 90 days. Company insiders own 0.08% of the company’s stock.
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Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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