Teachers Retirement System of The State of Kentucky Sells 12,482 Shares of Intel Co. (NASDAQ:INTC)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Intel Co. (NASDAQ:INTCGet Rating) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,781 shares of the chip maker’s stock after selling 12,482 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intel were worth $14,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Baldwin Brothers LLC MA boosted its stake in shares of Intel by 1.8% during the first quarter. Baldwin Brothers LLC MA now owns 12,353 shares of the chip maker’s stock valued at $612,000 after purchasing an additional 215 shares during the period. Kiley Juergens Wealth Management LLC boosted its stake in shares of Intel by 0.6% during the first quarter. Kiley Juergens Wealth Management LLC now owns 33,917 shares of the chip maker’s stock valued at $1,681,000 after purchasing an additional 216 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of Intel by 2.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 8,306 shares of the chip maker’s stock valued at $412,000 after purchasing an additional 217 shares during the period. Lehman & Derafelo Financial Resources LLC boosted its stake in shares of Intel by 4.2% during the first quarter. Lehman & Derafelo Financial Resources LLC now owns 5,483 shares of the chip maker’s stock valued at $272,000 after purchasing an additional 223 shares during the period. Finally, Van Leeuwen & Company LLC lifted its stake in Intel by 2.6% in the fourth quarter. Van Leeuwen & Company LLC now owns 8,832 shares of the chip maker’s stock worth $455,000 after acquiring an additional 224 shares during the period. 61.52% of the stock is currently owned by institutional investors.

Intel Trading Up 1.4 %

Shares of NASDAQ:INTC opened at $29.24 on Friday. The stock has a market capitalization of $120.06 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.73 and a beta of 0.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The stock’s 50-day simple moving average is $35.21 and its two-hundred day simple moving average is $41.05. Intel Co. has a 52-week low of $28.42 and a 52-week high of $56.28.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.41). The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. Analysts expect that Intel Co. will post 2.25 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.99%. Intel’s payout ratio is currently 31.26%.

Insider Activity

In related news, CEO Patrick P. Gelsinger acquired 14,800 shares of the stock in a transaction dated Wednesday, August 24th. The shares were purchased at an average cost of $33.86 per share, with a total value of $501,128.00. Following the transaction, the chief executive officer now directly owns 77,216 shares in the company, valued at $2,614,533.76. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on INTC shares. Rosenblatt Securities dropped their price target on Intel from $40.00 to $30.00 and set a “sell” rating for the company in a research note on Friday, July 29th. Citigroup dropped their price target on Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, June 6th. Morgan Stanley dropped their price target on Intel from $46.00 to $36.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. Wedbush dropped their price target on Intel from $44.00 to $35.00 in a research note on Friday, July 29th. Finally, Stifel Nicolaus assumed coverage on Intel in a research report on Wednesday, September 7th. They set a “hold” rating and a $32.00 price objective for the company. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.96.

Intel Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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