Candriam Luxembourg S.C.A. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Candriam Luxembourg S.C.A. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,082 shares of the chip maker’s stock after selling 177,056 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Intel were worth $38,064,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Bank of New York Mellon Corp raised its stake in shares of Intel by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock valued at $2,611,183,000 after acquiring an additional 2,854,921 shares in the last quarter. Morgan Stanley raised its position in Intel by 3.8% in the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares in the last quarter. FMR LLC raised its position in Intel by 39.2% in the 2nd quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock valued at $1,740,598,000 after purchasing an additional 8,197,324 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Intel by 3.1% in the 2nd quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock valued at $1,715,051,000 after buying an additional 863,417 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Intel by 116.0% during the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock worth $863,186,000 after buying an additional 7,774,135 shares in the last quarter. 64.41% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert Holmes Swan acquired 8,021 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was purchased at an average cost of $50.00 per share, with a total value of $401,050.00. Following the purchase, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 4,400 shares of Intel stock in a transaction on Monday, September 21st. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Following the transaction, the vice president now directly owns 14,214 shares of the company’s stock, valued at $700,465.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,491 shares of company stock worth $365,878. Corporate insiders own 0.04% of the company’s stock.

A number of research analysts recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft downgraded shares of Intel from a “buy” rating to a “hold” rating and decreased their price target for the stock from $70.00 to $60.00 in a research note on Friday, July 24th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Monday, July 27th. Sanford C. Bernstein downgraded shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 target price for the company. in a research note on Friday, July 24th. Barclays cut Intel from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $58.00 to $48.00 in a research note on Friday, July 24th. Finally, Northland Securities assumed coverage on Intel in a research report on Friday, September 11th. They set a “sell” rating and a $48.00 price objective for the company. Eleven analysts have rated the stock with a sell rating, nineteen have issued a hold rating and sixteen have assigned a buy rating to the stock. Intel currently has a consensus rating of “Hold” and a consensus target price of $61.24.

Shares of INTC opened at $54.78 on Tuesday. 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’s 50 day moving average is $51.05 and its two-hundred day moving average is $55.53. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The firm has a market capitalization of $232.13 billion, a PE ratio of 10.11, a P/E/G ratio of 1.48 and a beta of 0.72.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.41%. Intel’s dividend payout ratio (DPR) is presently 27.10%.

Intel Company 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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