Moloney Securities Asset Management LLC Sells 3,598 Shares of Intel Co. (INTC)

Moloney Securities Asset Management LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,122 shares of the chip maker’s stock after selling 3,598 shares during the period. Moloney Securities Asset Management LLC’s holdings in Intel were worth $1,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quad Cities Investment Group LLC bought a new position in shares of Intel during the second quarter worth about $107,000. WP Advisors LLC bought a new position in shares of Intel during the second quarter worth about $137,000. Arlington Partners LLC bought a new position in shares of Intel during the third quarter worth about $151,000. Cerebellum GP LLC bought a new position in shares of Intel during the third quarter worth about $188,000. Finally, Polaris Greystone Financial Group LLC bought a new position in shares of Intel during the third quarter worth about $199,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

In related news, EVP Navin Shenoy sold 8,552 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $47.93, for a total transaction of $409,897.36. Following the transaction, the executive vice president now owns 66,871 shares in the company, 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 firm’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 in the company, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders have sold 21,809 shares of company stock worth $1,033,992 in the last quarter. Company insiders own 0.03% of the company’s stock.



Shares of NASDAQ:INTC opened at $48.93 on Friday. Intel Co. has a 52 week low of $42.04 and a 52 week high of $57.60. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $224.61 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.25 and a beta of 0.85.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, beating the Zacks’ 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 business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Sell-side analysts predict that Intel Co. will post 4.53 EPS for the current year.

Intel declared that its board has approved a share buyback plan on Thursday, November 15th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the chip maker to buy up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities analysts have recently commented on the stock. Citigroup increased their price target on shares of Intel from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Thursday. Goldman Sachs Group reaffirmed a “sell” rating and set a $44.00 price target on shares of Intel in a research report on Tuesday. Bank of America raised shares of Intel from a “neutral” rating to a “buy” rating and set a $45.65 price target on the stock in a research report on Friday, January 4th. Finally, Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.17.

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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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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