Intel Co. (NASDAQ:INTC) Shares Sold by Sunflower Bank N.A.

Sunflower Bank N.A. reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,542 shares of the chip maker’s stock after selling 1,713 shares during the quarter. Sunflower Bank N.A.’s holdings in Intel were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA raised its position in Intel by 3.1% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 467,267 shares of the chip maker’s stock worth $10,962,000 after buying an additional 14,228 shares during the last quarter. Johnson Bixby & Associates LLC raised its holdings in Intel by 1.5% during the third quarter. Johnson Bixby & Associates LLC now owns 50,042 shares of the chip maker’s stock worth $1,174,000 after purchasing an additional 730 shares in the last quarter. Ballew Advisors Inc acquired a new stake in Intel in the third quarter valued at about $293,000. Exchange Traded Concepts LLC boosted its holdings in Intel by 28.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 273,415 shares of the chip maker’s stock valued at $6,414,000 after purchasing an additional 60,074 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its position in Intel by 18.6% during the 3rd quarter. Gateway Investment Advisers LLC now owns 904,182 shares of the chip maker’s stock worth $21,212,000 after purchasing an additional 141,818 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.34 during trading on Friday, reaching $23.56. 43,585,252 shares of the stock were exchanged, compared to its average volume of 59,055,309. The firm has a market cap of $100.29 billion, a PE ratio of 24.54 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock has a 50-day moving average price of $21.12 and a 200-day moving average price of $28.78.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Research analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, August 7th. Intel’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Benchmark reissued a “hold” rating on shares of Intel in a report on Monday, September 23rd. Wedbush dropped their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $31.96.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.