JustInvest LLC Acquires 16,731 Shares of Intel Co. (NASDAQ:INTC)


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JustInvest LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 49.7% in the first quarter, Holdings Channel.com reports. The fund owned 50,374 shares of the chip maker’s stock after purchasing an additional 16,731 shares during the quarter. JustInvest LLC’s holdings in Intel were worth $3,224,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners boosted its stake in shares of Intel by 3.2% in the first quarter. Tennessee Valley Asset Management Partners now owns 5,017 shares of the chip maker’s stock valued at $321,000 after buying an additional 154 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in Intel by 0.8% during the first quarter. Clear Harbor Asset Management LLC now owns 22,335 shares of the chip maker’s stock worth $1,429,000 after purchasing an additional 170 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its position in Intel by 1.7% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 10,135 shares of the chip maker’s stock worth $505,000 after purchasing an additional 173 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Intel by 1.1% in the fourth quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock worth $769,000 after acquiring an additional 175 shares during the last quarter. Finally, Financial Advisors LLC raised its holdings in shares of Intel by 0.9% in the first quarter. Financial Advisors LLC now owns 20,141 shares of the chip maker’s stock worth $1,289,000 after acquiring an additional 183 shares during the last quarter. 63.25% of the stock is owned by institutional investors.

INTC has been the subject of a number of analyst reports. Bank of America reissued a “sell” rating and issued a $62.00 price target on shares of Intel in a report on Tuesday, March 30th. DZ Bank upgraded Intel from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Wednesday, March 31st. The Goldman Sachs Group reiterated a “sell” rating and issued a $59.00 target price on shares of Intel in a research note on Friday, April 23rd. BMO Capital Markets upped their target price on Intel from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, January 22nd. Finally, Needham & Company LLC dropped their target price on Intel from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 29th. Twelve analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. Intel presently has a consensus rating of “Hold” and an average price target of $63.59.

NASDAQ:INTC traded down $1.24 during trading hours on Tuesday, reaching $56.02. 797,450 shares of the stock were exchanged, compared to its average volume of 35,212,270. Intel Co. has a twelve month low of $43.61 and a twelve month high of $68.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. The firm has a 50 day moving average of $63.41 and a 200 day moving average of $55.51. The stock has a market cap of $226.21 billion, a PE ratio of 11.23, a PEG ratio of 1.63 and a beta of 0.74.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, April 21st. The chip maker reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.24. Intel had a return on equity of 29.44% and a net margin of 28.10%. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $17.97 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. The business’s revenue was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post 4.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be paid a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, May 6th. Intel’s dividend payout ratio is currently 28.54%.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, 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 comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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