Reynders McVeigh Capital Management LLC cut its stake in Intel Co. (NASDAQ:INTC) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,537 shares of the chip maker’s stock after selling 16,313 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Intel were worth $4,171,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth approximately $119,000. Acrospire Investment Management LLC boosted its holdings in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares in the last quarter. Burt Wealth Advisors boosted its holdings in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co boosted its holdings in Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

In related news, CEO Brian M. Krzanich sold 8,659 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the transaction, the chief executive officer now directly owns 263,382 shares in the company, valued at approximately $13,011,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the transaction, the insider now owns 1,536 shares in the company, valued at $68,474.88. The disclosure for this sale can be found here. Insiders sold a total of 932,755 shares of company stock worth $41,387,752 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Intel Co. (NASDAQ:INTC) opened at $45.38 on Thursday. The firm has a market cap of $212,380.00, a price-to-earnings ratio of 22.92, a PEG ratio of 1.52 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel Co. has a twelve month low of $33.23 and a twelve month high of $50.85.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.79 EPS. sell-side analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Intel’s dividend payout ratio (DPR) is presently 60.61%.

A number of analysts recently weighed in on the stock. KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Intel in a report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Intel in a report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 target price on shares of Intel in a report on Friday, October 27th. Morningstar set a $41.00 price target on shares of Intel and gave the company a “neutral” rating in a research report on Friday, January 26th. Finally, Morgan Stanley upped their price target on shares of Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. Intel presently has an average rating of “Buy” and an average price target of $49.33.

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About Intel

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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