Thomas Story & Son LLC Has $10.50 Million Position in Intel Co. (INTC)

Thomas Story & Son LLC lowered its position in Intel Co. (NASDAQ:INTC) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 275,664 shares of the chip maker’s stock after selling 2,850 shares during the period. Intel comprises approximately 5.7% of Thomas Story & Son LLC’s holdings, making the stock its 3rd largest position. Thomas Story & Son LLC’s holdings in Intel were worth $10,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of INTC. Acrospire Investment Management LLC lifted its stake in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Family Capital Trust Co lifted its stake in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares in the last quarter. Winfield Associates Inc. lifted its stake in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares in the last quarter. Finally, Burt Wealth Advisors lifted its stake in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after purchasing an additional 3,471 shares in the last quarter. 67.56% of the stock is owned by institutional investors.

Shares of Intel Co. (NASDAQ:INTC) opened at $43.24 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64. The firm has a market cap of $202,363.20, a PE ratio of 15.12, a P/E/G ratio of 1.56 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. equities research analysts predict that Intel Co. will post 3.25 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel in a research note on Friday, October 6th. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Intel in a research note on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and issued a $45.00 price target on shares of Intel in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $44.78.

In other Intel news, insider Stacy J. Smith sold 472,337 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares in the company, valued at approximately $11,734,130.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,487,054 shares of company stock worth $65,800,132 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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