Nicolet Bankshares Inc. Sells 1,383 Shares of Intel Co. (NASDAQ:INTC)

Nicolet Bankshares Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,548 shares of the chip maker’s stock after selling 1,383 shares during the period. Nicolet Bankshares Inc.’s holdings in Intel were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Anderson Fisher LLC grew its position in shares of Intel by 6.4% in the 3rd quarter. Anderson Fisher LLC now owns 46,890 shares of the chip maker’s stock valued at $2,428,000 after acquiring an additional 2,819 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV grew its position in shares of Intel by 6.9% in the 3rd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 139,492 shares of the chip maker’s stock valued at $7,223,000 after acquiring an additional 8,994 shares during the period. Endurance Wealth Management Inc. grew its position in shares of Intel by 16.3% in the 3rd quarter. Endurance Wealth Management Inc. now owns 26,580 shares of the chip maker’s stock valued at $1,377,000 after acquiring an additional 3,726 shares during the period. Hills Bank & Trust Co boosted its holdings in shares of Intel by 1.7% during the 3rd quarter. Hills Bank & Trust Co now owns 133,440 shares of the chip maker’s stock worth $6,910,000 after buying an additional 2,197 shares during the period. Finally, OLD Point Trust & Financial Services N A boosted its holdings in shares of Intel by 0.5% during the 3rd quarter. OLD Point Trust & Financial Services N A now owns 156,035 shares of the chip maker’s stock worth $8,080,000 after buying an additional 800 shares during the period. 64.41% of the stock is owned by institutional investors and hedge funds.

INTC traded down $0.27 during trading on Friday, reaching $43.84. 2,429,607 shares of the company’s stock were exchanged, compared to its average volume of 30,390,980. Intel Co. has a one year low of $43.63 and a one year high of $69.29. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $180.76 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.50 and a beta of 0.72. The firm has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $55.22.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.01. Intel had a net margin of 29.97% and a return on equity of 31.55%. The firm had revenue of $18.33 billion for the quarter, compared to analyst estimates of $18.26 billion. During the same period in the previous year, the firm posted $1.42 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Sell-side analysts expect that Intel Co. will post 4.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s dividend payout ratio is currently 27.10%.

In other news, VP Kevin Thomas Mcbride sold 4,400 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $49.28, for a total value of $216,832.00. Following the sale, the vice president now directly owns 14,214 shares of the company’s stock, valued at approximately $700,465.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Holmes Swan acquired 8,021 shares of Intel stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average cost of $44.96 per share, for a total transaction of $360,624.16. Following the completion of the purchase, the chief executive officer now owns 309,844 shares in the company, valued at approximately $13,930,586.24. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Several analysts recently commented on the stock. Northland Securities assumed coverage on shares of Intel in a report on Friday, September 11th. They set a “sell” rating and a $48.00 target price for the company. Standpoint Research raised shares of Intel from a “hold” rating to a “buy” rating in a report on Tuesday, September 8th. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a report on Thursday, July 30th. Credit Suisse Group reduced their target price on shares of Intel from $70.00 to $65.00 and set a “buy” rating for the company in a report on Friday, October 23rd. They noted that the move was a valuation call. Finally, Sanford C. Bernstein reaffirmed a “sell” rating and set a $40.00 target price on shares of Intel in a report on Monday. Thirteen equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.97.

About Intel

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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