SeaCrest Wealth Management LLC Has $2.39 Million Stake in Intel Co. (NASDAQ:INTC)

SeaCrest Wealth Management LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,424 shares of the chip maker’s stock after selling 593 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Intel were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ogorek Anthony Joseph NY ADV raised its stake in shares of Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Intercontinental Wealth Advisors LLC raised its stake in shares of Intel by 83.0% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after acquiring an additional 450 shares in the last quarter. Lenox Wealth Advisors LLC raised its stake in shares of Intel by 117.4% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after acquiring an additional 540 shares in the last quarter. Next Capital Management LLC bought a new position in shares of Intel in the 2nd quarter valued at approximately $48,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of Intel by 234.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 1,146 shares of the chip maker’s stock valued at $55,000 after acquiring an additional 803 shares in the last quarter. Institutional investors and hedge funds own 65.93% of the company’s stock.

Shares of INTC traded down $0.32 on Wednesday, reaching $52.33. 7,739,680 shares of the stock traded hands, compared to its average volume of 18,039,618. The firm has a market cap of $230.76 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.58 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. Intel Co. has a 12 month low of $42.36 and a 12 month high of $59.59. The stock’s 50-day moving average price is $50.36 and its 200-day moving average price is $49.54.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. Intel’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, equities research analysts forecast that Intel Co. will post 4.38 earnings per share for the current fiscal year.

The company also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.315 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s dividend payout ratio is presently 27.51%.

INTC has been the topic of a number of recent analyst reports. Atlantic Securities initiated coverage on Intel in a research note on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price objective on the stock. Royal Bank of Canada reissued an “underperform” rating and issued a $47.00 price objective (up from $41.00) on shares of Intel in a research note on Friday, July 26th. Tigress Financial reissued a “buy” rating on shares of Intel in a research note on Friday, August 30th. Deutsche Bank reissued a “buy” rating and issued a $62.00 price objective (up from $60.00) on shares of Intel in a research note on Friday, July 26th. Finally, Bank of America dropped their price target on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.79.

In related news, CEO Robert Holmes Swan purchased 10,918 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $45.70 per share, with a total value of $498,952.60. Following the purchase, the chief executive officer now directly owns 168,955 shares in the company, valued at $7,721,243.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total value of $699,094.33. Following the completion of the sale, the chairman now directly owns 450,591 shares in the company, valued at approximately $23,146,859.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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