Townsquare Capital LLC Acquires 4,421 Shares of Intel Co. (NASDAQ:INTC)

Townsquare Capital LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 22.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,802 shares of the chip maker’s stock after purchasing an additional 4,421 shares during the period. Townsquare Capital LLC’s holdings in Intel were worth $1,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Community Financial Services Group LLC boosted its holdings in Intel by 2.2% in the 4th quarter. Community Financial Services Group LLC now owns 62,293 shares of the chip maker’s stock valued at $2,923,000 after purchasing an additional 1,336 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Intel by 15.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,595 shares of the chip maker’s stock worth $450,000 after acquiring an additional 1,268 shares during the period. Alerus Financial NA lifted its holdings in shares of Intel by 5.1% during the 4th quarter. Alerus Financial NA now owns 50,467 shares of the chip maker’s stock worth $2,368,000 after acquiring an additional 2,459 shares during the period. Martin Investment Management LLC bought a new stake in shares of Intel during the 4th quarter worth approximately $278,000. Finally, Country Trust Bank lifted its holdings in shares of Intel by 42.2% during the 4th quarter. Country Trust Bank now owns 1,783 shares of the chip maker’s stock worth $84,000 after acquiring an additional 529 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.

INTC stock traded up $0.39 during trading on Monday, reaching $51.11. 977,124 shares of the company were exchanged, compared to its average volume of 18,336,084. The company has a 50-day moving average of $48.25 and a two-hundred day moving average of $49.85. The company has a market capitalization of $228.46 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.57 and a beta of 0.90. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 1.04.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $15.70 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, analysts forecast that Intel Co. will post 4.38 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be given a $0.315 dividend. This represents a yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 27.51%.

In other Intel news, Director Reed E. Hundt sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $52.45, for a total value of $524,500.00. Following the completion of the transaction, the director now directly owns 44,400 shares in the company, valued at approximately $2,328,780. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the transaction, the executive vice president now owns 53,063 shares of the company’s stock, valued at $2,746,540.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,032 shares of company stock valued at $2,006,895. Corporate insiders own 0.02% of the company’s stock.

A number of analysts have recently weighed in on INTC shares. Deutsche Bank reaffirmed a “buy” rating and set a $62.00 price target (up previously from $60.00) on shares of Intel in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $47.00 price target (up previously from $41.00) on shares of Intel in a report on Friday, July 26th. Roth Capital set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird set a $65.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Atlantic Securities started coverage on shares of Intel in a report on Monday, July 22nd. They set an “underweight” rating and a $38.00 price target for the company. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.09.

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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