Sequoia Financial Advisors LLC Sells 1,072 Shares of Intel Co. (NASDAQ:INTC)

Sequoia Financial Advisors LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,793 shares of the chip maker’s stock after selling 1,072 shares during the period. Sequoia Financial Advisors LLC’s holdings in Intel were worth $2,617,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Intel by 273.2% during the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after purchasing an additional 2,442 shares during the last quarter. Next Capital Management LLC purchased a new position in shares of Intel during the second quarter valued at approximately $48,000. Intercontinental Wealth Advisors LLC raised its holdings in shares of Intel by 83.0% during the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares during the last quarter. Finally, Lenox Wealth Advisors LLC raised its holdings in shares of Intel by 117.4% during the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares during the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.

INTC stock traded up $0.14 during trading on Tuesday, reaching $52.27. The company had a trading volume of 3,970,499 shares, compared to its average volume of 17,325,004. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The firm has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $49.47. The company has a market cap of $227.52 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91.

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

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

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a “sell” rating and set a $39.00 price objective on shares of Intel in a report on Friday, July 26th. Robert W. Baird set a $65.00 price objective on shares of Intel and gave the company a “buy” rating in a report on Wednesday, September 4th. Royal Bank of Canada reissued an “underperform” rating and set a $47.00 price objective (up from $41.00) on shares of Intel in a report on Friday, July 26th. Cascend Securities reissued a “buy” rating and set a $65.00 price objective (up from $55.00) on shares of Intel in a report on Friday, July 26th. Finally, Loop Capital set a $50.00 price objective on shares of Intel and gave the company a “hold” rating in a report on Friday. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company. Intel has a consensus rating of “Hold” and an average target price of $53.79.

In other Intel news, EVP Navin Shenoy sold 8,551 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total transaction of $445,165.06. Following the sale, the executive vice president now directly owns 70,276 shares in the company, valued at $3,658,568.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed E. Hundt sold 10,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $52.45, for a total transaction of $524,500.00. Following the sale, the director now owns 44,400 shares in the company, valued at $2,328,780. The disclosure for this sale can be found here. Insiders sold 41,541 shares of company stock worth $2,135,306 in the last ninety days. 0.02% of the stock is currently owned by corporate insiders.

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.

Read More: Understanding Analyst Recommendations

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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