Chicago Equity Partners LLC Reduces Position in Intel Co. (INTC)

Chicago Equity Partners LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,945 shares of the chip maker’s stock after selling 26,870 shares during the quarter. Chicago Equity Partners LLC’s holdings in Intel were worth $2,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. boosted its stake in Intel by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after purchasing an additional 29 shares during the period. Conservest Capital Advisors Inc. boosted its position in shares of Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 51 shares during the last quarter. Paradigm Financial Advisors LLC boosted its position in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after acquiring an additional 67 shares during the last quarter. Bank of Stockton boosted its position in shares of Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after acquiring an additional 72 shares during the last quarter. Finally, Marathon Capital Management boosted its position in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 80 shares during the last quarter. 67.56% of the stock is owned by institutional investors.

Intel Co. (INTC) traded down $1.50 during trading on Friday, hitting $46.15. The company had a trading volume of 27,496,966 shares, compared to its average volume of 38,040,000. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel Co. has a 12-month low of $33.23 and a 12-month high of $50.85. The firm has a market capitalization of $215,980.00, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. analysts expect that Intel Co. will post 3.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. Intel’s payout ratio is 55.05%.

A number of research analysts have recently commented on INTC shares. Stifel Nicolaus increased their target price on Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Barclays reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Monday, November 13th. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price for the company in a research report on Wednesday, October 11th. Goldman Sachs Group set a $43.00 target price on Intel and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Finally, BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.10.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $75,371.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 716 shares of Intel stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total value of $35,263.00. Following the transaction, the executive vice president now owns 21,135 shares of the company’s stock, valued at $1,040,898.75. The disclosure for this sale can be found here. Insiders have sold 928,294 shares of company stock valued at $41,180,871 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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Intel Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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