Private Wealth Advisors Inc. Sells 1,291 Shares of Intel Co. (INTC)

Private Wealth Advisors Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC) by 2.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 64,355 shares of the chip maker’s stock after selling 1,291 shares during the quarter. Private Wealth Advisors Inc.’s holdings in Intel were worth $2,451,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Intel by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares in the last quarter. Paradigm Financial Advisors LLC lifted its stake in shares of Intel by 0.3% in the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares in the last quarter. Bank of Stockton lifted its stake in shares of Intel by 0.4% in the second quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after buying an additional 72 shares in the last quarter. Marathon Capital Management lifted its stake in shares of Intel by 0.7% in the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after buying an additional 80 shares in the last quarter. Finally, Sonata Capital Group Inc. lifted its stake in shares of Intel by 0.9% in the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after buying an additional 100 shares in the last quarter. 67.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Roth Capital raised their price target on shares of Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Loop Capital reissued a “buy” rating and set a $49.00 price target (up from $45.00) on shares of Intel in a research report on Friday, October 27th. Deutsche Bank reissued a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, B. Riley reissued a “buy” rating and set a $53.00 price target on shares of Intel in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.33.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 932,755 shares of company stock valued at $41,387,752. 0.08% of the stock is owned by corporate insiders.

Intel Co. (INTC) opened at $45.56 on Monday. The firm has a market cap of $213,220.00, a PE ratio of 14.56, a PEG ratio of 1.54 and a beta of 1.07. Intel Co. has a 12 month low of $33.23 and a 12 month high of $50.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. equities research analysts expect that Intel Co. will post 3.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend 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 payout ratio is currently 38.34%.

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Intel Company Profile

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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