Thomas Story & Son LLC Buys 9,665 Shares of Intel Co. (NASDAQ:INTC)

Thomas Story & Son LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 250,938 shares of the chip maker’s stock after acquiring an additional 9,665 shares during the period. Intel comprises 6.2% of Thomas Story & Son LLC’s holdings, making the stock its 4th largest holding. Thomas Story & Son LLC’s holdings in Intel were worth $12,012,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new stake in Intel in the fourth quarter valued at $28,000. Ogorek Anthony Joseph NY ADV increased its stake in Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Global Trust Asset Management LLC increased its stake in Intel by 273.2% in the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after purchasing an additional 2,442 shares in the last quarter. Virtus ETF Advisers LLC bought a new stake in Intel in the fourth quarter valued at $48,000. Finally, Stevens First Principles Investment Advisors bought a new stake in Intel in the fourth quarter valued at $53,000. 66.50% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Navin Shenoy sold 1,253 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $49.24, for a total transaction of $61,697.72. Following the transaction, the executive vice president now directly owns 55,319 shares in the company, valued at $2,723,907.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total transaction of $699,094.33. Following the transaction, the chairman now owns 450,591 shares in the company, valued at $23,146,859.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,524 shares of company stock worth $1,844,221. 0.02% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the stock. Atlantic Securities assumed coverage on shares of Intel in a research note on Monday, July 22nd. They issued an “underweight” rating and a $38.00 price target for the company. Mizuho lifted their price target on shares of Intel from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley lifted their price target on shares of Intel from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays reaffirmed a “sell” rating and issued a $40.00 price target on shares of Intel in a research note on Friday, July 26th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the company a “sell” rating in a research note on Friday, July 26th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.31.

Intel stock traded down $1.19 during midday trading on Friday, hitting $45.98. 23,644,529 shares of the stock were exchanged, compared to its average volume of 24,156,780. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a market capitalization of $208.96 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88. The stock’s 50-day simple moving average is $49.06. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.33.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post 4.37 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, August 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.

Intel Profile

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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