Private Capital Group LLC Increases Stake in Intel Co. (INTC)

Private Capital Group LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,974 shares of the chip maker’s stock after acquiring an additional 2,849 shares during the period. Private Capital Group LLC’s holdings in Intel were worth $1,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Clearwater Capital Advisors LLC lifted its holdings in Intel by 3.6% in the fourth quarter. Clearwater Capital Advisors LLC now owns 6,396 shares of the chip maker’s stock valued at $300,000 after acquiring an additional 224 shares during the period. SignalPoint Asset Management LLC lifted its holdings in Intel by 1.6% in the fourth quarter. SignalPoint Asset Management LLC now owns 14,800 shares of the chip maker’s stock valued at $694,000 after acquiring an additional 227 shares during the period. Wealth Architects LLC lifted its holdings in Intel by 0.8% in the fourth quarter. Wealth Architects LLC now owns 31,613 shares of the chip maker’s stock valued at $1,484,000 after acquiring an additional 246 shares during the period. Cooper Haims Advisors LLC lifted its holdings in Intel by 3.0% in the fourth quarter. Cooper Haims Advisors LLC now owns 8,396 shares of the chip maker’s stock valued at $394,000 after acquiring an additional 246 shares during the period. Finally, Home Federal Bank of Tennessee lifted its holdings in Intel by 1.1% in the fourth quarter. Home Federal Bank of Tennessee now owns 23,524 shares of the chip maker’s stock valued at $1,104,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

In other Intel news, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the transaction, the executive vice president now directly owns 48,140 shares of the company’s stock, valued at approximately $2,647,700. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 1,821 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $46.74, for a total value of $85,113.54. Following the completion of the transaction, the executive vice president now directly owns 52,693 shares in the company, valued at $2,462,870.82. The disclosure for this sale can be found here. Insiders have sold a total of 63,913 shares of company stock worth $3,430,502 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and set a $58.00 price target on shares of Intel in a research note on Friday. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. New Street Research set a $65.00 price objective on Intel and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, March 27th. Finally, Goldman Sachs Group restated a “sell” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Intel has an average rating of “Hold” and an average price target of $55.31.

Intel stock opened at $52.43 on Monday. The company has a market cap of $245.28 billion, a P/E ratio of 11.45, a P/E/G ratio of 1.38 and a beta of 0.79. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. Intel Co. has a one year low of $42.36 and a one year high of $59.59.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. Intel had a return on equity of 29.71% and a net margin of 29.04%. Intel’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. Sell-side analysts expect that Intel Co. will post 4.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.

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Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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