Intel Co. (INTC) Stake Lessened by Sanders Capital LLC
Sanders Capital LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 75.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,086,789 shares of the chip maker’s stock after selling 9,588,753 shares during the period. Sanders Capital LLC owned about 0.07% of Intel worth $161,688,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in INTC. Wells Trecaso Financial Group LLC increased its stake in shares of Intel by 22.0% during the second quarter. Wells Trecaso Financial Group LLC now owns 5,552 shares of the chip maker’s stock worth $276,000 after acquiring an additional 1,000 shares during the period. Linscomb & Williams Inc. increased its stake in shares of Intel by 0.7% during the second quarter. Linscomb & Williams Inc. now owns 135,897 shares of the chip maker’s stock worth $6,755,000 after acquiring an additional 1,007 shares during the period. Adviser Investments LLC increased its stake in shares of Intel by 1.2% during the second quarter. Adviser Investments LLC now owns 92,303 shares of the chip maker’s stock worth $4,588,000 after acquiring an additional 1,062 shares during the period. Albion Financial Group UT increased its stake in shares of Intel by 1.5% during the second quarter. Albion Financial Group UT now owns 72,208 shares of the chip maker’s stock worth $3,589,000 after acquiring an additional 1,079 shares during the period. Finally, Kiley Juergens Wealth Management LLC increased its stake in shares of Intel by 4.1% during the second quarter. Kiley Juergens Wealth Management LLC now owns 27,364 shares of the chip maker’s stock worth $1,360,000 after acquiring an additional 1,085 shares during the period. 64.22% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Navin Shenoy sold 8,552 shares of the stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $47.93, for a total value of $409,897.36. Following the completion of the sale, the executive vice president now owns 66,871 shares of the company’s stock, valued at $3,205,127.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the sale, the vice president now directly owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders sold 21,809 shares of company stock valued at $1,033,992 in the last three months. Company insiders own 0.03% of the company’s stock.
Shares of INTC stock opened at $49.19 on Friday. Intel Co. has a one year low of $42.04 and a one year high of $57.60. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. The company has a market cap of $230.13 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.29 and a beta of 0.85.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Research analysts anticipate that Intel Co. will post 4.53 EPS for the current year.
Intel announced that its board has initiated a stock repurchase program on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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.
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