Loudon Investment Management LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,952 shares of the chip maker’s stock after selling 4,555 shares during the quarter. Intel makes up approximately 4.0% of Loudon Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Loudon Investment Management LLC’s holdings in Intel were worth $5,101,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new position in shares of Intel during the third quarter worth $119,000. Acrospire Investment Management LLC increased its holdings in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its holdings in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the period. Family Capital Trust Co increased its holdings in Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the period. Finally, Burt Wealth Advisors increased its holdings in Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. Institutional investors and hedge funds own 69.22% of the company’s stock.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $68,474.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by company insiders.
INTC has been the topic of a number of research analyst reports. Barclays reaffirmed a “buy” rating and set a $55.00 price target on shares of Intel in a research report on Monday, November 13th. Canaccord Genuity increased their price objective on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Instinet upped their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Maxim Group increased their price objective on shares of Intel to $50.00 and gave the company a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group set a $43.00 price objective on shares of Intel and gave the company a “neutral” rating in a research note on Tuesday, December 12th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.96.
Shares of Intel Co. (NASDAQ INTC) traded down $0.67 during midday trading on Monday, hitting $51.52. 31,653,052 shares of the stock were exchanged, compared to its average volume of 34,990,000. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $240,500.00, a PE ratio of 16.46, a PEG ratio of 1.77 and a beta of 1.01. Intel Co. has a 1 year low of $33.23 and a 1 year high of $52.30.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. sell-side analysts expect that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.30 per share. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. Intel’s dividend payout ratio is currently 38.34%.
TRADEMARK VIOLATION WARNING: “Intel Co. (NASDAQ:INTC) Shares Sold by Loudon Investment Management LLC” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2018/03/13/intel-co-intc-shares-sold-by-loudon-investment-management-llc.html.
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).
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.