Intel Co. (NASDAQ:INTC) Stake Raised by Coastline Trust Co

Coastline Trust Co raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,215 shares of the chip maker’s stock after acquiring an additional 2,700 shares during the quarter. Coastline Trust Co’s holdings in Intel were worth $4,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC raised its stake in shares of Intel by 4.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 179,754 shares of the chip maker’s stock valued at $9,308,000 after acquiring an additional 7,420 shares in the last quarter. Gleason Group Inc. grew its holdings in Intel by 0.6% during the third quarter. Gleason Group Inc. now owns 39,885 shares of the chip maker’s stock valued at $2,065,000 after purchasing an additional 225 shares during the last quarter. Cutler Investment Counsel LLC grew its holdings in Intel by 0.5% during the third quarter. Cutler Investment Counsel LLC now owns 179,840 shares of the chip maker’s stock valued at $9,312,000 after purchasing an additional 889 shares during the last quarter. Vigilare Wealth Management raised its position in shares of Intel by 43.8% in the third quarter. Vigilare Wealth Management now owns 33,872 shares of the chip maker’s stock valued at $1,754,000 after purchasing an additional 10,320 shares during the period. Finally, Gyroscope Capital Management Group LLC lifted its stake in shares of Intel by 10.8% in the third quarter. Gyroscope Capital Management Group LLC now owns 108,407 shares of the chip maker’s stock worth $5,613,000 after buying an additional 10,583 shares during the last quarter. Institutional investors own 64.41% of the company’s stock.

Several research analysts recently commented on the stock. BofA Securities downgraded shares of Intel from a “buy” rating to a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating and set a $75.00 price objective on shares of Intel in a research report on Thursday, September 10th. Barclays downgraded Intel from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $58.00 to $48.00 in a research note on Friday, July 24th. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a research report on Thursday, July 30th. Finally, SVB Leerink assumed coverage on Intel in a research report on Friday, July 24th. They issued a “hold” rating for the company. Twelve research analysts have rated the stock with a sell rating, eighteen have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $61.24.

In related news, CEO Robert Holmes Swan bought 8,021 shares of Intel stock in a transaction dated Friday, July 24th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the transaction, the chief executive officer now owns 293,594 shares of the company’s stock, valued at $14,679,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the sale, the executive vice president now directly owns 71,807 shares in the company, valued at $3,459,661.26. The disclosure for this sale can be found here. Insiders have sold 7,491 shares of company stock worth $365,878 in the last 90 days. Company insiders own 0.04% of the company’s stock.

Shares of NASDAQ:INTC traded up $0.31 on Friday, hitting $54.16. The stock had a trading volume of 23,421,388 shares, compared to its average volume of 29,674,551. The firm’s 50 day moving average price is $50.81 and its 200-day moving average price is $55.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The company has a market capitalization of $230.34 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.12. The firm had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, sell-side analysts predict that Intel Co. will post 4.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. Intel’s dividend payout ratio (DPR) is presently 27.10%.

Intel Profile

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.

Featured Story: Oversold

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.