Nachman Norwood & Parrott Inc lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,049 shares of the chip maker’s stock after selling 725 shares during the period. Nachman Norwood & Parrott Inc’s holdings in Intel were worth $2,167,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Ogorek Anthony Joseph NY ADV lifted its position in Intel by 500.0% during the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after buying an additional 500 shares during the period. Lenox Wealth Advisors LLC lifted its position in Intel by 117.4% during the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after buying an additional 540 shares during the period. Next Capital Management LLC purchased a new position in Intel during the second quarter worth about $48,000. Contravisory Investment Management Inc. lifted its position in Intel by 234.1% during the second quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock worth $55,000 after buying an additional 803 shares during the period. Finally, Thor Advisors LLC purchased a new position in Intel during the first quarter worth about $72,000. 65.89% of the stock is currently owned by institutional investors and hedge funds.

In other Intel news, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the sale, the executive vice president now owns 53,063 shares in the company, valued at approximately $2,746,540.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reed E. Hundt sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the sale, the director now owns 44,400 shares of the company’s stock, valued at approximately $2,328,780. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,541 shares of company stock valued at $2,135,306. 0.02% of the stock is owned by insiders.

NASDAQ INTC traded up $0.75 during mid-day trading on Wednesday, reaching $50.48. 7,634,493 shares of the company’s stock traded hands, compared to its average volume of 22,940,713. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The company has a fifty day simple moving average of $49.57 and a 200-day simple moving average of $49.59. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company has a market cap of $224.25 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.55 and a beta of 0.91.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $15.70 billion. During the same quarter last year, the firm earned $1.04 EPS. Intel’s quarterly revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post 4.38 earnings per share for the current fiscal year.

The firm also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Shareholders 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 presently 27.51%.

INTC has been the topic of several recent analyst reports. Loop Capital initiated coverage on Intel in a research report on Monday, August 12th. They set a “hold” rating and a $50.00 target price on the stock. Morgan Stanley increased their target price on Intel from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Nomura set a $65.00 target price on Intel and gave the stock a “buy” rating in a research report on Friday, August 23rd. Northland Securities upgraded Intel from an “under perform” rating to a “market perform” rating and set a $48.00 target price on the stock in a research report on Friday, August 16th. Finally, Robert W. Baird set a $65.00 target price on Intel and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.79.

About Intel

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.

Recommended Story: What are the advantages of the Stochastic Momentum Index?

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.