Aull & Monroe Investment Management Corp decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 109,302 shares of the chip maker’s stock after selling 5,750 shares during the quarter. Intel accounts for about 2.5% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 9th biggest position. Aull & Monroe Investment Management Corp’s holdings in Intel were worth $5,045,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in INTC. Vanguard Group Inc. raised its stake in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors raised its stake in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Intel by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Intel by 2.0% in the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares during the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.
Several research analysts have recently weighed in on INTC shares. Goldman Sachs set a $43.00 price target on Intel and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.56 price target for the company in a research note on Monday, February 12th. Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a “sell” rating in a research note on Wednesday, January 3rd. Finally, Maxim Group boosted their price target on Intel to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.79.
NASDAQ:INTC opened at $48.79 on Monday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $53.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The stock has a market cap of $227,751.72, a price-to-earnings ratio of 14.10, a P/E/G ratio of 1.64 and a beta of 0.95.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. equities research analysts predict that Intel Co. will post 3.54 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is 34.68%.
In other news, VP Kevin Thomas Mcbride sold 686 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at $301,336.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 74,456 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.08% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Aull & Monroe Investment Management Corp Sells 5,750 Shares of Intel Co. (INTC)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/04/09/aull-monroe-investment-management-corp-sells-5750-shares-of-intel-co-intc.html.
Intel Company 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).
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.