Advisory Alpha LLC Increases Position in Intel Co. (NASDAQ:INTC)

Advisory Alpha LLC lifted its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,287 shares of the chip maker’s stock after buying an additional 463 shares during the period. Advisory Alpha LLC’s holdings in Intel were worth $478,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INTC. OLD Mission Capital LLC bought a new stake in shares of Intel in the 3rd quarter worth approximately $727,000. Ironwood Wealth Management LLC. raised its holdings in Intel by 2.8% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 8,511 shares of the chip maker’s stock valued at $478,000 after acquiring an additional 232 shares during the period. Morgan Stanley raised its holdings in Intel by 5.3% during the 2nd quarter. Morgan Stanley now owns 27,235,326 shares of the chip maker’s stock valued at $1,528,991,000 after acquiring an additional 1,378,548 shares during the period. Keudell Morrison Wealth Management raised its holdings in Intel by 4.1% during the 3rd quarter. Keudell Morrison Wealth Management now owns 25,823 shares of the chip maker’s stock valued at $1,376,000 after acquiring an additional 1,007 shares during the period. Finally, Jackson Square Capital LLC bought a new stake in Intel during the 3rd quarter valued at $201,000. 61.73% of the stock is currently owned by institutional investors.

Shares of INTC traded up $1.12 during mid-day trading on Monday, hitting $46.79. 1,272,897 shares of the company’s stock traded hands, compared to its average volume of 38,211,500. The company has a quick ratio of 1.71, a current ratio of 2.10 and a debt-to-equity ratio of 0.35. Intel Co. has a 1 year low of $43.63 and a 1 year high of $64.74. The firm has a market capitalization of $191.31 billion, a P/E ratio of 9.53, a PEG ratio of 1.74 and a beta of 0.55. The business’s 50-day moving average price is $47.69 and its 200-day moving average price is $50.09.

Intel (NASDAQ:INTCGet Rating) last posted its earnings results on Wednesday, January 26th. The chip maker reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.19. Intel had a return on equity of 25.52% and a net margin of 25.14%. The firm had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $18.36 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post 3.49 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Saturday, May 7th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 annualized dividend and a yield of 3.12%. Intel’s payout ratio is 30.04%.

In related news, CEO Patrick P. Gelsinger bought 5,600 shares of the company’s stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, with a total value of $247,912.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Omar Ishrak bought 11,025 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $45.11 per share, for a total transaction of $497,337.75. The disclosure for this purchase can be found here. 0.02% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on INTC shares. Barclays reduced their price target on shares of Intel from $50.00 to $45.00 and set an “underweight” rating for the company in a research report on Friday, February 18th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on shares of Intel in a research report on Friday, February 18th. The Goldman Sachs Group set a $41.00 target price on shares of Intel in a research report on Monday, March 28th. JPMorgan Chase & Co. set a $64.00 target price on shares of Intel in a research report on Thursday, January 27th. Finally, Credit Suisse Group set a $70.00 target price on shares of Intel in a research report on Tuesday, February 15th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.61.

Intel Company 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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