Successful Portfolios LLC Acquires 2,134 Shares of Intel Co. (NASDAQ:INTC)

Successful Portfolios LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,912 shares of the chip maker’s stock after acquiring an additional 2,134 shares during the quarter. Successful Portfolios LLC’s holdings in Intel were worth $923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Delta Asset Management LLC TN increased its stake in Intel by 0.9% during the 2nd quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock valued at $1,109,000 after purchasing an additional 200 shares in the last quarter. Mount Vernon Associates Inc. MD increased its stake in Intel by 0.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock valued at $2,202,000 after purchasing an additional 200 shares in the last quarter. Forte Capital LLC ADV increased its stake in Intel by 2.0% during the 3rd quarter. Forte Capital LLC ADV now owns 10,263 shares of the chip maker’s stock valued at $529,000 after purchasing an additional 201 shares in the last quarter. NTV Asset Management LLC increased its stake in Intel by 0.7% during the 2nd quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock valued at $1,351,000 after purchasing an additional 208 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC increased its stake in Intel by 3.0% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock valued at $340,000 after purchasing an additional 209 shares in the last quarter. 65.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on INTC. UBS Group restated a “buy” rating and set a $58.00 price target on shares of Intel in a research note on Friday, July 26th. Barclays restated a “sell” rating and set a $40.00 price target on shares of Intel in a research note on Friday, July 26th. Sanford C. Bernstein restated a “sell” rating and set a $39.00 price target on shares of Intel in a research note on Friday, July 26th. Wedbush boosted their price target on shares of Intel from $37.50 to $42.90 and gave the company an “underperform” rating in a research note on Friday, July 26th. Finally, Roth Capital set a $60.00 price target on shares of Intel and gave the company a “buy” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $53.79.

In other Intel news, CEO Robert Holmes Swan acquired 10,918 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were acquired at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the acquisition, the chief executive officer now directly owns 168,955 shares in the company, valued at $7,721,243.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Andy D. Bryant sold 13,609 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total transaction of $699,094.33. Following the sale, the chairman now directly owns 450,591 shares in the company, valued at $23,146,859.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,541 shares of company stock worth $2,135,306. Insiders own 0.02% of the company’s stock.

NASDAQ INTC traded up $0.98 during trading on Friday, hitting $52.09. 24,047,399 shares of the company’s stock traded hands, compared to its average volume of 18,505,604. The stock has a market capitalization of $220.28 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.51 and a beta of 0.91. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The business has a 50 day moving average of $49.72 and a 200-day moving average of $49.56.

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

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

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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