Loveless Wealth Management LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,830 shares of the chip maker’s stock after purchasing an additional 742 shares during the period. Intel comprises 1.5% of Loveless Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Loveless Wealth Management LLC’s holdings in Intel were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in INTC. Baystate Wealth Management LLC lifted its position in Intel by 8.8% in the third quarter. Baystate Wealth Management LLC now owns 6,060 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 492 shares during the last quarter. Weather Gauge Advisory LLC increased its stake in shares of Intel by 2.0% in the third quarter. Weather Gauge Advisory LLC now owns 14,369 shares of the chip maker’s stock worth $744,000 after buying an additional 279 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in Intel by 8.7% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 264,672 shares of the chip maker’s stock valued at $13,705,000 after buying an additional 21,190 shares during the last quarter. First Financial Corp IN raised its holdings in Intel by 1.7% during the 3rd quarter. First Financial Corp IN now owns 16,858 shares of the chip maker’s stock valued at $872,000 after buying an additional 281 shares during the last quarter. Finally, Atwater Malick LLC boosted its position in Intel by 3.6% during the 3rd quarter. Atwater Malick LLC now owns 108,870 shares of the chip maker’s stock valued at $5,637,000 after buying an additional 3,769 shares during the period. Hedge funds and other institutional investors own 64.41% of the company’s stock.

Several brokerages have recently commented on INTC. BNP Paribas downgraded shares of Intel from an “outperform” rating to an “underperform” rating in a research note on Friday, July 24th. BMO Capital Markets lowered their price target on Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. SVB Leerink started coverage on Intel in a research report on Friday, July 24th. They issued a “hold” rating on the stock. Sanford C. Bernstein downgraded Intel from a “market perform” rating to an “underperform” rating and set a $45.00 target price for the company. in a report on Friday, July 24th. Finally, Citigroup reaffirmed a “hold” rating and issued a $58.00 price target on shares of Intel in a research note on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.24.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of Intel stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Holmes Swan bought 8,021 shares of the business’s stock in a transaction on Friday, July 24th. The stock was bought at an average cost of $50.00 per share, with a total value of $401,050.00. Following the transaction, the chief executive officer now owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders have sold 7,491 shares of company stock worth $365,878 over the last ninety days. 0.04% of the stock is currently owned by insiders.

Shares of NASDAQ INTC opened at $54.16 on Friday. The firm’s 50 day moving average price is $50.81 and its 200-day moving average price is $55.53. Intel Co. has a 52-week low of $43.63 and a 52-week high of $69.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. The company has a market cap of $230.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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. Intel had a net margin of 29.97% and a return on equity of 31.55%. The company had revenue of $19.73 billion during the quarter, compared to analyst estimates of $18.54 billion. During the same period in the previous year, the business earned $1.06 EPS. On average, analysts forecast that Intel Co. will post 4.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s payout ratio is currently 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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