Steigerwald Gordon & Koch Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,368 shares of the chip maker’s stock after selling 396 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Intel were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INTC. CRA Financial Services LLC grew its position in Intel by 20.5% during the third quarter. CRA Financial Services LLC now owns 14,327 shares of the chip maker’s stock worth $742,000 after buying an additional 2,435 shares in the last quarter. Nachman Norwood & Parrott Inc lifted its position in shares of Intel by 2.0% in the 3rd quarter. Nachman Norwood & Parrott Inc now owns 45,446 shares of the chip maker’s stock worth $2,353,000 after acquiring an additional 898 shares during the period. BTC Capital Management Inc. increased its position in shares of Intel by 6.9% during the third quarter. BTC Capital Management Inc. now owns 115,123 shares of the chip maker’s stock valued at $5,959,000 after purchasing an additional 7,441 shares during the period. Joel Isaacson & Co. LLC increased its position in shares of Intel by 4.6% during the third quarter. Joel Isaacson & Co. LLC now owns 24,139 shares of the chip maker’s stock valued at $1,250,000 after purchasing an additional 1,056 shares during the period. Finally, Sicart Associates LLC raised its stake in shares of Intel by 3.3% in the third quarter. Sicart Associates LLC now owns 287,630 shares of the chip maker’s stock valued at $14,893,000 after purchasing an additional 9,275 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

NASDAQ INTC opened at $54.16 on Friday. Intel Co. has a 12 month low of $43.63 and a 12 month high of $69.29. The stock has a 50-day simple moving average of $50.81 and a 200 day simple moving average of $55.53. 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 company has a market capitalization of $230.34 billion, a PE ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion during the quarter, compared to analyst estimates of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period in the previous year, the company earned $1.06 EPS. As a group, sell-side analysts predict that Intel Co. will post 4.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 annualized dividend and a yield of 2.44%. Intel’s dividend payout ratio (DPR) is presently 27.10%.

A number of research firms have recently commented on INTC. Deutsche Bank Aktiengesellschaft downgraded shares of Intel from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $70.00 to $60.00 in a report on Friday, July 24th. They noted that the move was a valuation call. Nomura reiterated a “buy” rating and issued a $74.00 price objective on shares of Intel in a research note on Sunday, June 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Tuesday, July 7th. BidaskClub raised shares of Intel from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 23rd. Finally, UBS Group raised their price objective on shares of Intel from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday. Twelve equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.24.

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

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.

Recommended Story: What is Cost of Goods Sold (COGS)?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.