Indie Asset Partners LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)


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Indie Asset Partners LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,982 shares of the chip maker’s stock after selling 749 shares during the period. Indie Asset Partners LLC’s holdings in Intel were worth $248,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Global Trust Asset Management LLC lifted its position in shares of Intel by 1.1% during the fourth quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock worth $769,000 after acquiring an additional 175 shares in the last quarter. Berkeley Capital Partners LLC lifted its position in shares of Intel by 3.2% during the fourth quarter. Berkeley Capital Partners LLC now owns 5,982 shares of the chip maker’s stock worth $298,000 after acquiring an additional 187 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in shares of Intel by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,727 shares of the chip maker’s stock worth $385,000 after acquiring an additional 196 shares in the last quarter. Unison Advisors LLC raised its position in shares of Intel by 0.6% in the fourth quarter. Unison Advisors LLC now owns 32,795 shares of the chip maker’s stock worth $1,634,000 after buying an additional 209 shares in the last quarter. Finally, Bray Capital Advisors raised its position in shares of Intel by 13.1% in the fourth quarter. Bray Capital Advisors now owns 1,809 shares of the chip maker’s stock worth $90,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.

A number of equities research analysts recently issued reports on INTC shares. Oppenheimer reiterated a “hold” rating on shares of Intel in a research report on Friday, January 22nd. KeyCorp increased their price objective on Intel from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Atlantic Securities upgraded Intel from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $36.00 to $55.00 in a research report on Thursday, January 14th. Royal Bank of Canada increased their price objective on Intel from $40.00 to $47.00 and gave the stock a “sell” rating in a research report on Friday, January 22nd. Finally, Roth Capital increased their price objective on Intel from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, January 22nd. Eleven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.64.

In related news, CEO Robert Holmes Swan purchased 27,244 shares of Intel stock in a transaction dated Monday, January 25th. The stock was purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the transaction, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO George S. Davis purchased 9,095 shares of the firm’s stock in a transaction on Tuesday, January 26th. The shares were purchased at an average cost of $55.34 per share, with a total value of $503,317.30. Following the completion of the transaction, the chief financial officer now owns 71,223 shares of the company’s stock, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Shares of INTC stock traded down $0.67 during trading hours on Tuesday, hitting $60.04. 1,665,110 shares of the company’s stock traded hands, compared to its average volume of 39,641,777. The stock’s fifty day simple moving average is $57.25 and its two-hundred day simple moving average is $51.11. Intel Co. has a 12-month low of $43.61 and a 12-month high of $65.11. The stock has a market cap of $243.94 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. During the same period in the prior year, the firm posted $1.52 earnings per share. On average, equities analysts forecast that Intel Co. will post 4.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Friday, February 5th will be given a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.32%. This is a boost from Intel’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, February 4th. Intel’s dividend payout ratio is currently 28.54%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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