Adirondack Trust Co. lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,222 shares of the chip maker’s stock after selling 307 shares during the quarter. Intel accounts for 2.0% of Adirondack Trust Co.’s portfolio, making the stock its 12th biggest holding. Adirondack Trust Co.’s holdings in Intel were worth $2,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. Ogorek Anthony Joseph NY ADV raised its position in Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Global Trust Asset Management LLC raised its position in Intel by 273.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after purchasing an additional 2,442 shares in the last quarter. Next Capital Management LLC bought a new stake in Intel during the 2nd quarter valued at $48,000. Intercontinental Wealth Advisors LLC raised its position in Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after purchasing an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC raised its position in Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

In other Intel news, CEO Robert Holmes Swan bought 10,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the purchase, the chief executive officer now directly owns 168,955 shares in the company, valued at $7,721,243.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO George S. Davis bought 5,458 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $45.70 per share, for a total transaction of $249,430.60. Following the completion of the purchase, the chief financial officer now owns 13,276 shares in the company, valued at $606,713.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is owned by company insiders.

Shares of INTC traded up $0.75 during trading hours on Wednesday, hitting $50.48. The company had a trading volume of 10,057,228 shares, compared to its average volume of 22,885,762. The company has a market capitalization of $224.25 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The company’s fifty day moving average price is $49.63 and its two-hundred day moving average price is $49.57.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that Intel Co. will post 4.38 earnings per share for the current year.

The firm also recently announced a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Wednesday, November 6th. This represents a yield of 2.4%. Intel’s dividend payout ratio (DPR) is 27.51%.

A number of brokerages have weighed in on INTC. Royal Bank of Canada reaffirmed an “underperform” rating and set a $47.00 target price (up from $41.00) on shares of Intel in a research report on Friday, July 26th. Nomura set a $65.00 target price on Intel and gave the company a “buy” rating in a research report on Friday, August 23rd. Zacks Investment Research raised Intel from a “sell” rating to a “hold” rating and set a $54.00 target price for the company in a research report on Monday, July 29th. Goldman Sachs Group reaffirmed a “sell” rating and set a $47.00 target price on shares of Intel in a research report on Friday, July 26th. Finally, Roth Capital set a $60.00 target price on Intel and gave the company a “buy” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.79.

Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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