Investment Partners LTD. Has $842,000 Stake in Intel Co. (NASDAQ:INTC)

Investment Partners LTD. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,950 shares of the chip maker’s stock after selling 268 shares during the period. Investment Partners LTD.’s holdings in Intel were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vigilant Capital Management LLC boosted its stake in Intel by 16.5% during the fourth quarter. Vigilant Capital Management LLC now owns 7,132 shares of the chip maker’s stock worth $335,000 after buying an additional 1,011 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Intel by 0.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 134,448 shares of the chip maker’s stock worth $6,309,000 after buying an additional 1,037 shares during the last quarter. Bristlecone Advisors LLC boosted its stake in Intel by 56.7% during the fourth quarter. Bristlecone Advisors LLC now owns 51,066 shares of the chip maker’s stock worth $2,397,000 after buying an additional 18,472 shares during the last quarter. RPG Investment Advisory LLC boosted its stake in Intel by 2.7% during the fourth quarter. RPG Investment Advisory LLC now owns 115,191 shares of the chip maker’s stock worth $5,406,000 after buying an additional 2,994 shares during the last quarter. Finally, Windward Capital Management Co. CA boosted its stake in Intel by 4.7% during the fourth quarter. Windward Capital Management Co. CA now owns 51,459 shares of the chip maker’s stock worth $2,415,000 after buying an additional 2,302 shares during the last quarter. 64.69% of the stock is currently owned by institutional investors.

Shares of INTC stock traded down $0.06 on Wednesday, hitting $58.72. The stock had a trading volume of 14,807,106 shares, compared to its average volume of 22,671,063. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $274.99 billion, a PE ratio of 12.82, a P/E/G ratio of 1.54 and a beta of 0.79. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The firm had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Intel Co. will post 4.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued 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 yield of 2.15%. Intel’s dividend payout ratio (DPR) is 27.51%.

In other Intel news, EVP Navin Shenoy sold 1,821 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $46.74, for a total transaction of $85,113.54. Following the sale, the executive vice president now owns 52,693 shares in the company, valued at approximately $2,462,870.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,431 shares of company stock worth $3,500,497. 0.02% of the stock is owned by company insiders.

A number of research firms have weighed in on INTC. Royal Bank of Canada reissued a “neutral” rating and set a $55.00 price objective on shares of Intel in a research note on Wednesday, January 23rd. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Morgan Stanley raised Intel from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $55.00 to $64.00 in a research note on Friday, February 22nd. Citigroup boosted their price objective on Intel from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 11th. Finally, Credit Suisse Group restated a “buy” rating and issued a $58.00 target price on shares of Intel in a research report on Monday, January 28th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $55.40.

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Intel 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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