Intel Co. (NASDAQ:INTC) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC lessened its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,058 shares of the chip maker’s stock after selling 233 shares during the period. MONECO Advisors LLC’s holdings in Intel were worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Asset Management LLC acquired a new position in Intel in the third quarter worth approximately $28,000. Tower View Investment Management & Research LLC grew its position in Intel by 200.0% in the third quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Intel by 64.0% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock worth $34,000 after buying an additional 256 shares during the last quarter. Fortis Advisors LLC acquired a new position in Intel in the third quarter worth approximately $45,000. Finally, Level Financial Advisors Inc. acquired a new position in Intel in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 61.73% of the company’s stock.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. set a $64.00 price objective on shares of Intel in a research note on Thursday, January 27th. Wedbush reaffirmed an “underperform” rating and issued a $45.00 price objective on shares of Intel in a research note on Thursday. Raymond James raised shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. The Goldman Sachs Group set a $41.00 price objective on shares of Intel in a research note on Monday, March 28th. Finally, Northland Securities raised shares of Intel from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a research note on Wednesday, January 5th. Nine equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $54.61.

In other news, EVP Steven Ralph Rodgers sold 3,863 shares of Intel stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $48.81, for a total transaction of $188,553.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick P. Gelsinger bought 5,600 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average price of $44.27 per share, for a total transaction of $247,912.00. The disclosure for this purchase can be found here. 0.02% of the stock is currently owned by insiders.

Shares of NASDAQ:INTC traded up $0.52 on Monday, hitting $47.06. 35,985,190 shares of the company were exchanged, compared to its average volume of 37,958,137. The company’s 50 day moving average price is $47.54 and its two-hundred day moving average price is $49.82. Intel Co. has a one year low of $43.63 and a one year high of $59.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.71 and a current ratio of 2.10. The firm has a market capitalization of $192.41 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 1.82 and a beta of 0.55.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings data on Wednesday, January 26th. The chip maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.19. Intel had a net margin of 25.14% and a return on equity of 25.52%. The company had revenue of $19.53 billion for the quarter, compared to the consensus estimate of $18.36 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Intel Co. will post 3.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 annualized dividend and a dividend yield of 3.10%. Intel’s dividend payout ratio (DPR) is currently 30.04%.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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