MTM Investment Management LLC Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

MTM Investment Management LLC decreased its stake in Intel Co. (NASDAQ:INTCGet Rating) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,339 shares of the chip maker’s stock after selling 335 shares during the quarter. MTM Investment Management LLC’s holdings in Intel were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strategic Asset Management LLC bought a new stake in Intel during the 3rd quarter valued at $28,000. Tower View Investment Management & Research LLC increased its position in Intel by 200.0% during the 3rd quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock valued at $32,000 after buying an additional 400 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Intel by 64.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after buying an additional 256 shares in the last quarter. Fortis Advisors LLC acquired a new position in Intel during the 3rd quarter valued at about $45,000. Finally, Level Financial Advisors Inc. acquired a new position in Intel during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 61.73% of the company’s stock.

In related news, EVP Steven Ralph Rodgers sold 3,863 shares of Intel stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $48.81, for a total value of $188,553.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Omar Ishrak purchased 11,025 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average price of $45.11 per share, for a total transaction of $497,337.75. The disclosure for this purchase can be found here. Company insiders own 0.02% of the company’s stock.

Shares of INTC traded up $1.62 during midday trading on Thursday, hitting $46.84. 41,021,367 shares of the stock were exchanged, compared to its average volume of 37,822,484. Intel Co. has a 52-week low of $43.63 and a 52-week high of $58.43. The stock has a fifty day simple moving average of $47.48 and a 200 day simple moving average of $49.71. The firm has a market cap of $191.51 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.82 and a beta of 0.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.71 and a current ratio of 2.10.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The chip maker reported $1.09 EPS for the quarter, topping the consensus estimate of $0.90 by $0.19. Intel had a return on equity of 25.52% and a net margin of 25.14%. The business had revenue of $19.53 billion during the quarter, compared to analyst estimates of $18.36 billion. During the same period last year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post 3.47 EPS for the current fiscal year.

The company also recently declared 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 3.12%. Intel’s dividend payout ratio is currently 30.04%.

Several research analysts recently issued reports on the company. BMO Capital Markets reduced their target price on Intel from $52.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, February 18th. Northland Securities upgraded Intel from a “market perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research note on Wednesday, January 5th. Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. UBS Group set a $53.00 price target on Intel in a research note on Monday, February 21st. Finally, DZ Bank downgraded Intel from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Thursday, February 24th. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.61.

Intel 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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