Intel Co. (NASDAQ:INTC) Stake Lowered by Godsey & Gibb Associates

Godsey & Gibb Associates cut its stake in Intel Co. (NASDAQ:INTC) by 6.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,736 shares of the chip maker’s stock after selling 25,573 shares during the period. Intel comprises approximately 2.5% of Godsey & Gibb Associates’ portfolio, making the stock its 13th largest position. Godsey & Gibb Associates’ holdings in Intel were worth $14,498,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Intel by 27.2% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 8,771 shares of the chip maker’s stock worth $288,000 after purchasing an additional 1,873 shares during the period. Tompkins Financial Corp boosted its holdings in shares of Intel by 1.6% during the second quarter. Tompkins Financial Corp now owns 45,507 shares of the chip maker’s stock worth $1,535,000 after purchasing an additional 725 shares during the period. Johanson Financial Advisors Inc. boosted its holdings in shares of Intel by 284.2% during the second quarter. Johanson Financial Advisors Inc. now owns 102,516 shares of the chip maker’s stock worth $3,458,000 after purchasing an additional 75,835 shares during the period. Lincoln Capital LLC boosted its holdings in shares of Intel by 8.1% during the second quarter. Lincoln Capital LLC now owns 6,119 shares of the chip maker’s stock worth $206,000 after purchasing an additional 456 shares during the period. Finally, Laurel Grove Capital LLC boosted its holdings in shares of Intel by 12.3% during the second quarter. Laurel Grove Capital LLC now owns 18,225 shares of the chip maker’s stock worth $615,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 67.48% of the company’s stock.

A number of equities analysts recently issued reports on INTC shares. Canaccord Genuity increased their price target on shares of Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reissued a “hold” rating on shares of Intel in a research note on Thursday, January 4th. Stifel Nicolaus increased their price target on shares of Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.33.

In other news, EVP Navin Shenoy sold 716 shares of Intel stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00. Following the transaction, the executive vice president now owns 21,135 shares in the company, valued at approximately $1,040,898.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Shares of Intel Co. (INTC) traded up $0.92 during mid-day trading on Wednesday, reaching $45.38. 19,787,361 shares of the company traded hands, compared to its average volume of 41,710,000. Intel Co. has a 52 week low of $33.23 and a 52 week high of $50.85. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $212,380.00, a PE ratio of 22.92, a P/E/G ratio of 1.52 and a beta of 1.07.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is currently 60.61%.

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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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