Intel Co. (NASDAQ:INTC) Holdings Raised by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,358 shares of the chip maker’s stock after purchasing an additional 26,944 shares during the quarter. Private Advisor Group LLC’s holdings in Intel were worth $18,232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Intel by 1.5% during the first quarter. Vanguard Group Inc. now owns 349,634,956 shares of the chip maker’s stock valued at $17,327,909,000 after purchasing an additional 5,076,202 shares in the last quarter. BlackRock Inc. raised its stake in shares of Intel by 3.0% during the first quarter. BlackRock Inc. now owns 341,450,251 shares of the chip maker’s stock valued at $16,922,274,000 after purchasing an additional 10,103,061 shares in the last quarter. State Street Corp raised its stake in shares of Intel by 1.1% during the first quarter. State Street Corp now owns 178,991,617 shares of the chip maker’s stock valued at $8,870,825,000 after purchasing an additional 1,874,534 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Intel by 9.8% during the first quarter. Primecap Management Co. CA now owns 43,253,961 shares of the chip maker’s stock valued at $2,143,666,000 after purchasing an additional 3,852,666 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Intel by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 41,877,503 shares of the chip maker’s stock worth $2,075,449,000 after acquiring an additional 1,627,363 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger bought 14,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average cost of $33.86 per share, for a total transaction of $501,128.00. Following the completion of the purchase, the chief executive officer now owns 77,216 shares of the company’s stock, valued at approximately $2,614,533.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INTC. Roth Capital dropped their price target on shares of Intel from $48.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Citigroup dropped their price target on shares of Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, June 6th. Wedbush dropped their price target on shares of Intel from $44.00 to $35.00 in a research report on Friday, July 29th. Credit Suisse Group set a $45.00 price target on Intel in a research note on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Intel from $38.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 8th. Nine equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.96.

Intel Stock Down 1.7 %

Shares of INTC stock opened at $28.47 on Thursday. Intel Co. has a 12 month low of $28.42 and a 12 month high of $56.28. The firm has a market cap of $116.90 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The stock has a 50 day moving average of $34.54 and a 200-day moving average of $40.53. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.40). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post 2.25 EPS for the current year.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.365 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 5.13%. Intel’s payout ratio is 31.26%.

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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