Valmark Advisers Inc. Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Valmark Advisers Inc. lowered its stake in Intel Co. (NASDAQ:INTCFree Report) by 27.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,874 shares of the chip maker’s stock after selling 3,678 shares during the quarter. Valmark Advisers Inc.’s holdings in Intel were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of INTC. State Street Corp boosted its position in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 181,557,033 shares of the chip maker’s stock worth $6,071,267,000 after acquiring an additional 2,237,616 shares during the period. Geode Capital Management LLC boosted its position in Intel by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 84,895,947 shares of the chip maker’s stock worth $2,831,569,000 after acquiring an additional 2,166,976 shares during the period. Capital Research Global Investors boosted its position in Intel by 38.6% during the 2nd quarter. Capital Research Global Investors now owns 74,806,869 shares of the chip maker’s stock worth $2,501,537,000 after acquiring an additional 20,836,219 shares during the period. Capital International Investors boosted its position in Intel by 2.3% during the 2nd quarter. Capital International Investors now owns 71,950,264 shares of the chip maker’s stock worth $2,405,895,000 after acquiring an additional 1,636,139 shares during the period. Finally, Morgan Stanley boosted its position in Intel by 29.8% during the 4th quarter. Morgan Stanley now owns 53,342,230 shares of the chip maker’s stock worth $1,409,835,000 after acquiring an additional 12,241,200 shares during the period. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Intel Stock Performance

INTC opened at $42.60 on Friday. The stock has a market cap of $180.11 billion, a PE ratio of 109.23, a P/E/G ratio of 2.83 and a beta of 1.02. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $24.73 and a 1 year high of $51.28. The stock’s 50 day simple moving average is $46.15 and its 200-day simple moving average is $39.75.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Sell-side analysts forecast that Intel Co. will post 0.72 EPS for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 128.21%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares of the company’s stock, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Susquehanna lifted their price target on Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Intel from $38.00 to $42.00 and gave the company a “hold” rating in a report on Monday, December 18th. Barclays lifted their price target on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Benchmark lifted their price target on Intel from $52.00 to $62.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.48.

Read Our Latest Report on INTC

Intel Profile

(Free Report)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and 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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