Intel Co. (INTC) Holdings Trimmed by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,873 shares of the chip maker’s stock after selling 3,800 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Intel were worth $4,412,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Papp L Roy & Associates grew its stake in Intel by 1.2% during the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $555,000. United Bank grew its stake in Intel by 108.0% during the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Intel by 182.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its stake in Intel by 15.6% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares in the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.
Shares of Intel Co. (NASDAQ INTC) opened at $43.95 on Friday. The stock has a market capitalization of $211,460.00, a P/E ratio of 22.20, a P/E/G ratio of 1.53 and a beta of 1.07. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.85. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Intel’s dividend payout ratio (DPR) is 60.61%.
A number of equities research analysts have weighed in on the company. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 target price on shares of Intel in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and set a $45.00 target price on shares of Intel in a report on Friday, October 27th. Morningstar set a $41.00 target price on Intel and gave the stock a “neutral” rating in a report on Friday, January 26th. Finally, Morgan Stanley increased their target price on Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $49.10.
In other Intel news, 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. 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 ninety days. 0.08% of the stock is owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Intel Co. (INTC) Holdings Trimmed by Mogy Joel R Investment Counsel Inc.” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/intel-co-intc-holdings-trimmed-by-mogy-joel-r-investment-counsel-inc/1856824.html.
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.