Intel Co. (NASDAQ:INTC) Shares Sold by Decatur Capital Management Inc.

Decatur Capital Management Inc. cut its position in Intel Co. (NASDAQ:INTC) by 27.9% during the third quarter, HoldingsChannel.com reports. The fund owned 107,944 shares of the chip maker’s stock after selling 41,825 shares during the period. Decatur Capital Management Inc.’s holdings in Intel were worth $5,562,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Intel by 42.6% during the third quarter. Larson Financial Group LLC now owns 3,707 shares of the chip maker’s stock worth $191,000 after buying an additional 1,107 shares during the last quarter. Rockland Trust Co. boosted its stake in Intel by 66.6% during the third quarter. Rockland Trust Co. now owns 48,732 shares of the chip maker’s stock worth $2,439,000 after buying an additional 19,488 shares during the last quarter. Townsend & Associates Inc boosted its stake in Intel by 12.5% during the third quarter. Townsend & Associates Inc now owns 29,735 shares of the chip maker’s stock worth $1,479,000 after buying an additional 3,303 shares during the last quarter. First PREMIER Bank boosted its stake in Intel by 2.5% during the third quarter. First PREMIER Bank now owns 30,796 shares of the chip maker’s stock worth $1,587,000 after buying an additional 753 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Intel by 7.4% during the third quarter. Truvestments Capital LLC now owns 51,792 shares of the chip maker’s stock worth $2,669,000 after buying an additional 3,566 shares during the last quarter. 65.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of INTC stock traded up $1.35 on Friday, hitting $52.46. The stock had a trading volume of 10,545,629 shares, compared to its average volume of 18,505,604. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04. The firm has a market capitalization of $220.28 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.51 and a beta of 0.91. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59. The company’s 50 day moving average price is $49.72 and its 200-day moving average price is $49.56.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. Intel had a return on equity of 28.84% and a net margin of 28.05%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, equities analysts forecast that Intel Co. will post 4.38 EPS for the current year.

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

A number of equities analysts have weighed in on the company. Atlantic Securities assumed coverage on Intel in a research note on Monday, July 22nd. They set an “underweight” rating and a $38.00 price objective on the stock. Cascend Securities reissued a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Intel in a research note on Friday, July 26th. Zacks Investment Research raised Intel from a “sell” rating to a “hold” rating and set a $54.00 price objective on the stock in a research note on Monday, July 29th. Tigress Financial reissued a “buy” rating on shares of Intel in a research note on Friday, August 30th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. 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 company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.79.

In related news, Chairman Andy D. Bryant sold 13,609 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $51.37, for a total value of $699,094.33. Following the sale, the chairman now owns 450,591 shares in the company, valued at approximately $23,146,859.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank D. Yeary sold 2,509 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $46.86, for a total value of $117,571.74. The disclosure for this sale can be found here. Insiders sold a total of 41,541 shares of company stock worth $2,135,306 in the last quarter. Company insiders own 0.02% of the company’s stock.

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.

Further Reading: Strike Price

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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