Morningstar Investment Services LLC Sells 727 Shares of Intel Co. (NASDAQ:INTC)

Morningstar Investment Services LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 11.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,857 shares of the chip maker’s stock after selling 727 shares during the quarter. Morningstar Investment Services LLC’s holdings in Intel were worth $341,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Community Financial Services Group LLC raised its holdings in Intel by 0.9% during the 1st quarter. Community Financial Services Group LLC now owns 64,954 shares of the chip maker’s stock valued at $3,515,000 after acquiring an additional 606 shares during the period. Krueger & Catalano Capital Partners LLC raised its holdings in Intel by 18.5% during the 1st quarter. Krueger & Catalano Capital Partners LLC now owns 5,909 shares of the chip maker’s stock valued at $320,000 after acquiring an additional 924 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in Intel by 1.2% during the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,893 shares of the chip maker’s stock valued at $1,401,000 after acquiring an additional 300 shares during the period. Halbert Hargrove Global Advisors LLC raised its holdings in Intel by 8.4% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 7,618 shares of the chip maker’s stock valued at $412,000 after acquiring an additional 592 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its holdings in Intel by 3.1% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 34,005 shares of the chip maker’s stock valued at $1,840,000 after acquiring an additional 1,012 shares during the period. 64.95% of the stock is currently owned by institutional investors.

In related news, CEO Robert Holmes Swan purchased 8,021 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was bought at an average cost of $50.00 per share, with a total value of $401,050.00. Following the completion of the purchase, the chief executive officer now directly owns 293,594 shares in the company, valued at $14,679,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 7,018 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total transaction of $419,886.94. Following the completion of the transaction, the executive vice president now directly owns 68,942 shares of the company’s stock, valued at $4,124,799.86. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

INTC has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Intel from a “sell” rating to a “strong sell” rating in a research report on Wednesday. BofA Securities lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th. Mizuho restated a “buy” rating and set a $63.00 price target on shares of Intel in a research report on Thursday, July 23rd. BNP Paribas lowered shares of Intel from an “outperform” rating to an “underperform” rating in a research report on Friday, July 24th. Finally, Zacks Investment Research lowered shares of Intel from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research report on Monday, July 27th. Twelve equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have issued a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $61.67.

Shares of NASDAQ:INTC traded down $0.26 during midday trading on Friday, hitting $47.73. 46,569,883 shares of the stock traded hands, compared to its average volume of 36,590,264. The stock has a market capitalization of $203.00 billion, a PE ratio of 8.49, a P/E/G ratio of 1.31 and a beta of 0.78. The business’s 50 day moving average is $58.00 and its two-hundred day moving average is $59.19. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $43.63 and a one year high of $69.29.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, beating the consensus estimate of $1.11 by $0.12. The firm had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the prior year, the firm posted $1.06 earnings per share. As a group, sell-side analysts forecast that Intel Co. will post 4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 6th. Intel’s dividend payout ratio (DPR) is 27.10%.

About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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