Paragon Capital Management LLC Has $10.93 Million Position in Intel Co. (INTC)

Paragon Capital Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,069 shares of the chip maker’s stock after selling 14,540 shares during the period. Intel comprises about 3.7% of Paragon Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Paragon Capital Management LLC’s holdings in Intel were worth $10,931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel in the third quarter valued at about $119,000. Acrospire Investment Management LLC lifted its position in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares in the last quarter. Burt Wealth Advisors lifted its position in shares of Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co lifted its position in shares of Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.

In related news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. In the last three months, insiders sold 932,755 shares of company stock worth $41,387,752. 0.08% of the stock is owned by insiders.

INTC has been the topic of several research analyst reports. Roth Capital boosted their price objective on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, October 27th. Loop Capital restated a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of Intel in a research report on Friday, October 27th. Deutsche Bank restated a “buy” rating and issued a $45.00 price objective on shares of Intel in a research report on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Intel in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $49.33.

Intel Co. (NASDAQ INTC) opened at $45.56 on Friday. The company has a market capitalization of $211,550.00, a P/E ratio of 14.56, a PEG ratio of 1.55 and a beta of 1.07. Intel Co. has a 52 week low of $33.23 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. sell-side analysts forecast that Intel Co. will post 3.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is 38.34%.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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