Intel Co. (INTC) Position Cut by South Texas Money Management Ltd.

South Texas Money Management Ltd. reduced its position in Intel Co. (NASDAQ:INTC) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,778 shares of the chip maker’s stock after selling 2,226 shares during the period. South Texas Money Management Ltd.’s holdings in Intel were worth $2,176,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of INTC. HC Financial Advisors Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $1,320,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel in the 1st quarter valued at about $120,000. Doliver Capital Advisors LP boosted its stake in shares of Intel by 82.7% in the 1st quarter. Doliver Capital Advisors LP now owns 10,732 shares of the chip maker’s stock valued at $559,000 after buying an additional 4,859 shares during the period. Tiverton Asset Management LLC boosted its stake in shares of Intel by 0.5% in the 1st quarter. Tiverton Asset Management LLC now owns 449,351 shares of the chip maker’s stock valued at $23,402,000 after buying an additional 2,273 shares during the period. Finally, Fishman Jay A Ltd. MI boosted its stake in shares of Intel by 4.6% in the 1st quarter. Fishman Jay A Ltd. MI now owns 190,180 shares of the chip maker’s stock valued at $9,905,000 after buying an additional 8,300 shares during the period. Institutional investors and hedge funds own 65.30% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Monday, October 29th. Macquarie reiterated a “buy” rating and issued a $58.00 price objective on shares of Intel in a research note on Wednesday, November 7th. Stifel Nicolaus reiterated a “neutral” rating and issued a $52.00 price objective on shares of Intel in a research note on Thursday, August 9th. KeyCorp decreased their price objective on Intel from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. Finally, Sanford C. Bernstein set a $42.00 price objective on Intel and gave the company a “sell” rating in a research note on Thursday, August 9th. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.27.



Shares of NASDAQ INTC opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. Intel Co. has a twelve month low of $42.04 and a twelve month high of $57.60. The company has a market capitalization of $221.71 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.24 and a beta of 0.88.

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

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio is currently 34.68%.

In other Intel news, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total value of $295,945.00. Following the completion of the sale, the vice president now owns 14,271 shares in the company, valued at $649,758.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value 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 approximately $1,384,593.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,747 shares of company stock valued at $398,552. 0.03% of the stock is owned by company insiders.

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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.

Further Reading: Why is Cost of Capital Important?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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