Wealth Alliance Advisory Group LLC Acquires 3,799 Shares of Intel Co. (NASDAQ:INTC)

Wealth Alliance Advisory Group LLC raised its stake in Intel Co. (NASDAQ:INTC) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,010 shares of the chip maker’s stock after buying an additional 3,799 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Intel were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Clearwater Capital Advisors LLC boosted its holdings in shares of Intel by 3.6% in the 4th 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 last quarter. SignalPoint Asset Management LLC boosted its holdings in Intel by 1.6% during the fourth quarter. SignalPoint Asset Management LLC now owns 14,800 shares of the chip maker’s stock worth $694,000 after buying an additional 227 shares in the last quarter. Wealth Architects LLC boosted its holdings in Intel by 0.8% during the fourth quarter. Wealth Architects LLC now owns 31,613 shares of the chip maker’s stock worth $1,484,000 after buying an additional 246 shares in the last quarter. Cooper Haims Advisors LLC boosted its holdings in Intel by 3.0% during the fourth quarter. Cooper Haims Advisors LLC now owns 8,396 shares of the chip maker’s stock worth $394,000 after buying an additional 246 shares in the last quarter. Finally, Home Federal Bank of Tennessee boosted its holdings in Intel by 1.1% during the fourth quarter. Home Federal Bank of Tennessee now owns 23,524 shares of the chip maker’s stock worth $1,104,000 after buying an additional 247 shares in the last quarter. 64.80% of the stock is owned by institutional investors.

INTC stock traded down $0.46 during midday trading on Wednesday, reaching $44.00. 15,393,633 shares of the company were exchanged, compared to its average volume of 24,516,041. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The stock has a market cap of $206.31 billion, a P/E ratio of 9.61, a PEG ratio of 1.40 and a beta of 0.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.86%. Intel’s payout ratio is 27.51%.

A number of brokerages recently issued reports on INTC. New Street Research set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating on shares of Intel in a report on Friday, April 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 price objective on shares of Intel in a report on Friday, April 26th. SunTrust Banks increased their target price on shares of Intel to $56.00 and gave the company a “buy” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co cut shares of Intel from an “outperform” rating to a “market perform” rating and increased their target price for the company from $55.00 to $60.00 in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.23.

In other news, EVP Navin Shenoy sold 1,254 shares of Intel stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $63,703.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the transaction, 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 sold a total of 99,802 shares of company stock worth $5,317,254 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

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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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