Intel Co. (INTC) Shares Sold by KBC Group NV

KBC Group NV cut its holdings in Intel Co. (NASDAQ:INTC) by 9.1% during the third quarter, HoldingsChannel reports. The firm owned 1,568,260 shares of the chip maker’s stock after selling 157,190 shares during the quarter. KBC Group NV’s holdings in Intel were worth $59,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Univest Corp of Pennsylvania raised its holdings in shares of Intel by 17.9% during the 2nd quarter. Univest Corp of Pennsylvania now owns 14,207 shares of the chip maker’s stock worth $479,000 after acquiring an additional 2,156 shares in the last quarter. Papp L Roy & Associates raised its holdings in shares of Intel by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after acquiring an additional 800 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its holdings in shares of Intel by 0.9% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 41,113 shares of the chip maker’s stock worth $1,387,000 after acquiring an additional 376 shares in the last quarter. Parsec Financial Management Inc. raised its holdings in shares of Intel by 0.9% during the 2nd quarter. Parsec Financial Management Inc. now owns 634,185 shares of the chip maker’s stock worth $21,397,000 after acquiring an additional 5,373 shares in the last quarter. Finally, IPG Investment Advisors LLC raised its holdings in shares of Intel by 1.3% during the 2nd quarter. IPG Investment Advisors LLC now owns 14,652 shares of the chip maker’s stock worth $494,000 after acquiring an additional 185 shares in the last quarter. 67.74% of the stock is currently owned by institutional investors.

In other news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction 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. Insiders sold a total of 932,755 shares of company stock worth $41,387,752 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Intel Co. (NASDAQ INTC) opened at $45.56 on Tuesday. The company has a market capitalization of $213,220.81, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. 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.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. equities research analysts expect that Intel Co. will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is 60.61%.

INTC has been the topic of several recent research reports. Barclays reaffirmed a “buy” rating and set a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Goldman Sachs Group set a $43.00 price objective on Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Instinet upped their price objective on Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price objective on Intel and gave the stock a “sell” rating in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $49.33.

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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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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