Investment Centers of America Inc. Buys 3,946 Shares of Intel Co. (INTC)

Investment Centers of America Inc. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 5.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 77,436 shares of the chip maker’s stock after purchasing an additional 3,946 shares during the period. Investment Centers of America Inc.’s holdings in Intel were worth $2,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Opus Investment Management Inc. increased its stake in Intel by 6.6% in the 2nd quarter. Opus Investment Management Inc. now owns 129,600 shares of the chip maker’s stock worth $4,373,000 after acquiring an additional 8,000 shares during the last quarter. River Wealth Advisors LLC increased its stake in Intel by 5.9% in the 2nd quarter. River Wealth Advisors LLC now owns 12,631 shares of the chip maker’s stock worth $426,000 after acquiring an additional 705 shares during the last quarter. Ingalls & Snyder LLC increased its stake in Intel by 0.9% in the 2nd quarter. Ingalls & Snyder LLC now owns 184,284 shares of the chip maker’s stock worth $6,218,000 after acquiring an additional 1,720 shares during the last quarter. Benedict Financial Advisors Inc. increased its stake in Intel by 0.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 140,163 shares of the chip maker’s stock worth $4,868,000 after acquiring an additional 801 shares during the last quarter. Finally, Ronald Blue & Co. LLC increased its stake in Intel by 10.0% in the 2nd quarter. Ronald Blue & Co. LLC now owns 27,387 shares of the chip maker’s stock worth $924,000 after acquiring an additional 2,494 shares during the last quarter. 67.48% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on INTC shares. Roth Capital upped their target price on Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Friday, October 27th. Loop Capital restated a “buy” rating and issued a $49.00 target price (up from $45.00) on shares of Intel in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and issued a $45.00 target price on shares of Intel in a research note on Friday, October 27th. Finally, B. Riley restated a “buy” rating and issued a $53.00 target price on shares of Intel in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $49.33.

Shares of Intel Co. (INTC) opened at $45.56 on Friday. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week 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 firm has a market capitalization of $211,550.00, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s revenue was up 4.1% on a year-over-year basis. sell-side analysts forecast that Intel Co. will post 3.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is 38.34%.

In other Intel news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,755 shares of company stock valued at $41,387,752. Company insiders own 0.08% of the company’s stock.

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About Intel

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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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