Intel Co. (NASDAQ:INTC) Holdings Trimmed by River Road Asset Management LLC

River Road Asset Management LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,534,265 shares of the chip maker’s stock after selling 33,179 shares during the period. River Road Asset Management LLC owned approximately 32,783.44% of Intel worth $58,425,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Perkins Coie Trust Co lifted its stake in shares of Intel by 2.8% during the 2nd quarter. Perkins Coie Trust Co now owns 60,322 shares of the chip maker’s stock worth $2,035,000 after buying an additional 1,625 shares during the last quarter. Country Club Trust Company n.a. raised its stake in Intel by 0.3% in the 2nd quarter. Country Club Trust Company n.a. now owns 474,410 shares of the chip maker’s stock worth $16,007,000 after purchasing an additional 1,491 shares in the last quarter. City Holding Co. raised its stake in Intel by 12.5% in the 2nd quarter. City Holding Co. now owns 103,389 shares of the chip maker’s stock worth $3,487,000 after purchasing an additional 11,465 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Intel by 26.3% in the 2nd quarter. Koshinski Asset Management Inc. now owns 27,797 shares of the chip maker’s stock worth $938,000 after purchasing an additional 5,784 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC raised its stake in Intel by 9.3% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 68,987 shares of the chip maker’s stock worth $2,328,000 after purchasing an additional 5,842 shares in the last quarter. 67.43% of the stock is owned by institutional investors and hedge funds.

In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,755 shares of company stock worth $41,387,752. 0.08% of the stock is currently owned by company insiders.

Intel Co. (NASDAQ INTC) traded up $1.20 during trading hours on Friday, reaching $43.95. The company has a market cap of $205,690.00, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. analysts expect that Intel Co. will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.73%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is 60.61%.

Several equities analysts have recently commented on the stock. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target on shares of Intel in a report on Friday, October 27th. Morningstar set a $41.00 price target on shares of Intel and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Morgan Stanley lifted their price target on shares of Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $49.26.

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Intel Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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