Buckley Wealth Management LLC Has $4.81 Million Stake in Intel Co. (NASDAQ:INTC)

Buckley Wealth Management LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,348 shares of the chip maker’s stock after purchasing an additional 1,959 shares during the period. Intel comprises approximately 2.4% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Buckley Wealth Management LLC’s holdings in Intel were worth $4,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ogorek Anthony Joseph NY ADV grew its holdings in Intel by 500.0% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after acquiring an additional 500 shares during the period. Global Trust Asset Management LLC grew its holdings in Intel by 273.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after acquiring an additional 2,442 shares during the period. Next Capital Management LLC acquired a new stake in Intel during the 2nd quarter worth about $48,000. Intercontinental Wealth Advisors LLC grew its holdings in Intel by 83.0% during the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after acquiring an additional 450 shares during the period. Finally, Lenox Wealth Advisors LLC grew its holdings in Intel by 117.4% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 65.89% of the company’s stock.

In other Intel news, Director Reed E. Hundt sold 10,000 shares of Intel stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $52.45, for a total transaction of $524,500.00. Following the transaction, the director now owns 44,400 shares of the company’s stock, valued at approximately $2,328,780. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Holmes Swan bought 10,918 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the transaction, the chief executive officer now owns 168,955 shares in the company, valued at $7,721,243.50. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is owned by insiders.

NASDAQ INTC traded up $0.88 during trading hours on Friday, hitting $51.99. The company’s stock had a trading volume of 2,485,329 shares, compared to its average volume of 18,505,604. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The company has a market capitalization of $220.28 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $49.72 and its two-hundred day simple moving average is $49.56.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share 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 business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same quarter last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts anticipate that Intel Co. will post 4.38 EPS for the current fiscal year.

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

A number of analysts have weighed in on the company. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. UBS Group reiterated a “buy” rating and set a $58.00 price target on shares of Intel in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $64.00 price objective on shares of Intel in a research report on Friday, July 26th. Wedbush increased their price objective on shares of Intel from $37.50 to $42.90 and gave the stock an “underperform” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price objective on the stock in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.79.

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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