Intel Co. (INTC) Shares Sold by Taylor Cottrill Erickson & Associates Inc.

Taylor Cottrill Erickson & Associates Inc. lessened its position in Intel Co. (NASDAQ:INTC) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,986 shares of the chip maker’s stock after selling 2,400 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Intel were worth $3,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Meyer Handelman Co. raised its stake in Intel by 0.4% during the second quarter. Meyer Handelman Co. now owns 644,678 shares of the chip maker’s stock valued at $32,047,000 after buying an additional 2,419 shares during the last quarter. Torch Wealth Management LLC raised its stake in Intel by 11.3% during the second quarter. Torch Wealth Management LLC now owns 14,500 shares of the chip maker’s stock valued at $721,000 after buying an additional 1,475 shares during the last quarter. Watch Point Trust Co raised its stake in Intel by 3.9% during the second quarter. Watch Point Trust Co now owns 78,220 shares of the chip maker’s stock valued at $3,888,000 after buying an additional 2,970 shares during the last quarter. RB Capital Management LLC raised its stake in Intel by 8.3% during the second quarter. RB Capital Management LLC now owns 28,783 shares of the chip maker’s stock valued at $1,431,000 after buying an additional 2,211 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. raised its stake in Intel by 6.8% during the second quarter. Pinnacle Financial Partners Inc. now owns 247,194 shares of the chip maker’s stock valued at $12,287,000 after buying an additional 15,739 shares during the last quarter. Institutional investors own 65.37% of the company’s stock.

In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $52.43, for a total transaction of $116,027.59. Following the completion of the sale, the executive vice president now owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $47.69, for a total value of $28,661.69. Following the sale, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at approximately $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $205,757 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Shares of INTC opened at $44.88 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.15. Intel Co. has a one year low of $39.28 and a one year high of $57.60. The firm has a market capitalization of $221.24 billion, a P/E ratio of 12.97, a PEG ratio of 1.35 and a beta of 0.97.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company had revenue of $16.96 billion during the quarter, compared to analyst estimates of $16.78 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. Intel’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post 4.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio is presently 34.68%.

Several research analysts have recently weighed in on the company. BidaskClub cut Intel from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Nomura set a $55.00 price target on Intel and gave the stock a “neutral” rating in a research note on Monday, June 25th. Benchmark assumed coverage on Intel in a research note on Tuesday, June 26th. They issued a “hold” rating for the company. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, June 27th. Finally, BNP Paribas set a $54.00 price target on Intel and gave the stock a “hold” rating in a research note on Thursday, October 4th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the stock. Intel has an average rating of “Hold” and a consensus price target of $55.08.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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