Intel Co. (INTC) Shares Sold by Menora Mivtachim Holdings LTD.

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Menora Mivtachim Holdings LTD. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 21.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,251,040 shares of the chip maker’s stock after selling 340,000 shares during the period. Intel accounts for 1.8% of Menora Mivtachim Holdings LTD.’s portfolio, making the stock its 12th largest position. Menora Mivtachim Holdings LTD.’s holdings in Intel were worth $62,189,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Elmwood Wealth Management Inc. purchased a new position in shares of Intel in the first quarter valued at $110,000. Financial Gravity Wealth Inc. purchased a new position in shares of Intel in the first quarter valued at $120,000. WP Advisors LLC purchased a new position in shares of Intel in the second quarter valued at $137,000. Well Done LLC purchased a new position in shares of Intel in the first quarter valued at $156,000. Finally, PDS Planning Inc purchased a new position in shares of Intel in the first quarter valued at $159,000. 65.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:INTC opened at $44.00 on Friday. The firm has a market cap of $214.69 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. Intel Co. has a 1-year low of $40.10 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel Co. will post 4.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. Intel’s dividend payout ratio (DPR) is presently 34.68%.

In related news, EVP Steven Ralph Rodgers sold 2,213 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the sale, the executive vice president now owns 23,268 shares of the company’s stock, valued at approximately $1,219,941.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Holmes Swan acquired 5,243 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was purchased at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the acquisition, the chief executive officer now owns 71,672 shares in the company, valued at $3,418,037.68. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 4,077 shares of company stock worth $205,757. Corporate insiders own 0.03% of the company’s stock.

INTC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, September 26th. KeyCorp reduced their price objective on shares of Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. BidaskClub downgraded shares of Intel from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Royal Bank of Canada reduced their price objective on shares of Intel from $57.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Intel in a research note on Friday, July 27th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.08.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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