Intel Co. (NASDAQ:INTC) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP lowered its position in shares of Intel Co. (NASDAQ:INTC) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,121 shares of the chip maker’s stock after selling 543 shares during the quarter. Mirador Capital Partners LP’s holdings in Intel were worth $2,396,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in Intel in the second quarter worth $2,178,000. Brookstone Capital Management boosted its holdings in shares of Intel by 65.2% in the 1st quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock valued at $3,052,000 after buying an additional 27,274 shares during the period. Czech National Bank lifted its holdings in Intel by 7.2% in the third quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock worth $20,392,000 after acquiring an additional 58,021 shares during the last quarter. NBC Securities Inc. raised its position in shares of Intel by 2.6% during the 1st quarter. NBC Securities Inc. now owns 16,681 shares of the chip maker’s stock worth $736,000 after purchasing an additional 418 shares during the period. Finally, Red Mountain Financial LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $859,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 1.5 %

NASDAQ INTC traded up $0.33 on Friday, hitting $22.59. 49,966,930 shares of the stock were exchanged, compared to its average volume of 59,307,754. The company’s 50-day moving average price is $21.64 and its two-hundred day moving average price is $29.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of 23.53 and a beta of 1.03.

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

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. Intel’s payout ratio is 52.08%.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Northland Securities cut their target price on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.96.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares in the company, valued at approximately $765,576. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.