Gyroscope Capital Management Group LLC Sells 8,730 Shares of Intel Co. (NASDAQ:INTC)

Gyroscope Capital Management Group LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,358 shares of the chip maker’s stock after selling 8,730 shares during the quarter. Intel accounts for 3.1% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 9th biggest holding. Gyroscope Capital Management Group LLC’s holdings in Intel were worth $7,873,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INTC. Nuveen Asset Management LLC raised its stake in Intel by 1,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock valued at $1,204,894,000 after purchasing an additional 23,911,014 shares during the period. Davis Selected Advisers raised its stake in Intel by 806.0% during the 2nd quarter. Davis Selected Advisers now owns 7,473,706 shares of the chip maker’s stock valued at $357,766,000 after purchasing an additional 6,648,828 shares during the period. Pictet Asset Management Ltd. raised its stake in Intel by 214.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock valued at $460,532,000 after purchasing an additional 6,564,340 shares during the period. Thoroughbred Financial Services LLC raised its stake in Intel by 4,885.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,548,597 shares of the chip maker’s stock valued at $254,860,000 after purchasing an additional 2,497,476 shares during the period. Finally, Vanguard Group Inc. raised its stake in Intel by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock valued at $17,406,717,000 after purchasing an additional 2,219,241 shares during the period. 65.89% of the stock is currently owned by institutional investors.

NASDAQ:INTC traded up $1.43 during trading hours on Friday, reaching $52.54. The company’s stock had a trading volume of 11,454,080 shares, compared to its average volume of 18,505,604. The company has a market cap of $220.28 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The business’s 50-day moving average is $49.72 and its 200-day moving average is $49.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. Intel’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. On average, sell-side analysts predict that Intel Co. will post 4.38 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.315 per share. This represents a yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is 27.51%.

In other news, CEO Robert Holmes Swan purchased 10,918 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the acquisition, the chief executive officer now directly owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank D. Yeary sold 2,509 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.18, for a total transaction of $128,410.62. The disclosure for this sale can be found here. Insiders have sold 41,541 shares of company stock valued at $2,135,306 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Northland Securities raised shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price target on the stock in a research note on Friday, August 16th. Cascend Securities reaffirmed a “buy” rating and issued a $65.00 price target (up from $55.00) on shares of Intel in a research note on Friday, July 26th. Loop Capital assumed coverage on shares of Intel in a research note on Monday, August 12th. They issued a “hold” rating and a $50.00 price target on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $62.00 price target (up from $60.00) on shares of Intel in a research note on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $47.00 price target (up from $41.00) on shares of Intel in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the stock. Intel presently has an average rating of “Hold” and a consensus price target of $53.79.

Intel Company 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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