Cascade Investment Advisors Inc. lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,839 shares of the chip maker’s stock after buying an additional 740 shares during the period. Intel makes up approximately 2.6% of Cascade Investment Advisors Inc.’s holdings, making the stock its 3rd largest position. Cascade Investment Advisors Inc.’s holdings in Intel were worth $3,047,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Modus Advisors LLC purchased a new stake in Intel during the 2nd quarter valued at approximately $25,000. Price Wealth LLC increased its holdings in shares of Intel by 119.5% in the second quarter. Price Wealth LLC now owns 461 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 251 shares during the period. FAI Wealth Management raised its stake in shares of Intel by 390.4% during the second quarter. FAI Wealth Management now owns 510 shares of the chip maker’s stock worth $30,000 after purchasing an additional 406 shares during the last quarter. Okabena Investment Services Inc. acquired a new stake in shares of Intel during the second quarter worth $42,000. Finally, Demars Financial Group LLC purchased a new position in Intel in the 2nd quarter valued at $43,000. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.18, for a total value of $137,168.46. Following the transaction, the executive vice president now owns 71,807 shares in the company, valued at approximately $3,459,661.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Following the sale, the vice president now owns 14,214 shares of the company’s stock, valued at $700,465.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on INTC. BofA Securities downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. Bank of America cut Intel from a “buy” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $62.00 in a report on Friday, July 24th. SVB Leerink began coverage on Intel in a report on Friday, July 24th. They set a “hold” rating on the stock. Standpoint Research upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, Citigroup restated a “hold” rating and set a $58.00 target price on shares of Intel in a research report on Tuesday, June 23rd. Twelve analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $61.24.

Shares of NASDAQ INTC opened at $54.16 on Friday. The firm has a market cap of $230.34 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel Co. has a 1 year low of $43.63 and a 1 year high of $69.29. The firm’s 50 day moving average price is $50.81 and its 200 day moving average price is $55.53.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.12. The company had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, equities analysts predict that Intel Co. will post 4.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 annualized dividend and a yield of 2.44%. Intel’s dividend payout ratio (DPR) is presently 27.10%.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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