Motco lowered its stake in Intel Co. (NASDAQ:INTC) by 7.0% during the second quarter, Holdings Channel reports. The fund owned 96,645 shares of the chip maker’s stock after selling 7,252 shares during the period. Motco’s holdings in Intel were worth $4,805,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC acquired a new position in Intel during the second quarter worth approximately $107,000. Elmwood Wealth Management Inc. acquired a new position in Intel during the first quarter worth approximately $110,000. Financial Gravity Wealth Inc. acquired a new position in Intel during the first quarter worth approximately $120,000. WP Advisors LLC acquired a new position in Intel during the second quarter worth approximately $137,000. Finally, Well Done LLC acquired a new position in Intel during the first quarter worth approximately $156,000. 64.81% of the stock is currently owned by institutional investors and hedge funds.

In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares in the company, valued at $1,384,593.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the transaction, the vice president now owns 14,271 shares of the company’s stock, valued at $649,758.63. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

INTC has been the topic of a number of recent analyst reports. Morningstar set a $65.00 price target on Intel and gave the stock a “buy” rating in a research report on Monday, October 1st. Morgan Stanley cut Intel from an “equal” rating to a “weight” rating in a report on Monday, October 1st. BidaskClub cut Intel from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Nomura restated a “neutral” rating and set a $50.00 price objective on shares of Intel in a report on Friday, August 10th. Finally, Macquarie set a $60.00 price objective on Intel and gave the stock a “buy” rating in a report on Sunday, September 30th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.56.

Shares of INTC stock opened at $48.00 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The company has a market capitalization of $228.44 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.28 and a beta of 0.88. Intel Co. has a 1 year low of $42.04 and a 1 year high of $57.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.25. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. As a group, analysts predict that Intel Co. will post 4.53 earnings per share for the current year.

Intel declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 15th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.

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Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

See Also: Cost of Equity For A Business, Investors

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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