Intel Co. (INTC) Stake Boosted by Resource Management LLC

Resource Management LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,801 shares of the chip maker’s stock after acquiring an additional 669 shares during the quarter. Resource Management LLC’s holdings in Intel were worth $1,023,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INTC. Tributary Capital Management LLC purchased a new stake in shares of Intel in the 4th quarter valued at about $28,000. Tortoise Investment Management LLC raised its holdings in shares of Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 580 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in shares of Intel in the 4th quarter valued at about $84,000. Lenox Wealth Management Inc. raised its holdings in shares of Intel by 14.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock valued at $105,000 after acquiring an additional 289 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 64.80% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 611 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $51.00, for a total value of $31,161.00. Following the sale, the executive vice president now directly owns 51,619 shares of the company’s stock, valued at $2,632,569. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the sale, the insider now directly owns 76,855 shares in the company, valued at $4,011,062.45. The disclosure for this sale can be found here. Insiders have sold 99,802 shares of company stock worth $5,317,254 over the last 90 days. 0.02% of the stock is currently owned by corporate insiders.

Shares of INTC stock traded down $0.46 during trading hours on Wednesday, reaching $44.00. The company’s stock had a trading volume of 15,393,633 shares, compared to its average volume of 24,516,041. The firm has a market cap of $206.31 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.40 and a beta of 0.75. Intel Co. has a one year low of $42.36 and a one year high of $59.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post 4.26 EPS for the current year.

The company 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. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.86%. Intel’s dividend payout ratio is presently 27.51%.

Several analysts have weighed in on the company. BidaskClub cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, March 27th. ValuEngine cut Intel from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Goldman Sachs Group reissued a “sell” rating and set a $45.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Finally, Mizuho decreased their price objective on Intel from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and a consensus target price of $54.23.

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About Intel

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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