Intel Co. (NASDAQ:INTC) Shares Purchased by TPG Financial Advisors LLC
TPG Financial Advisors LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 8.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,504 shares of the chip maker’s stock after purchasing an additional 364 shares during the period. TPG Financial Advisors LLC’s holdings in Intel were worth $233,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of INTC. Morgan Stanley lifted its stake in shares of Intel by 3.8% in the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after purchasing an additional 1,108,810 shares during the last quarter. Advanced Asset Management Advisors Inc increased its position in shares of Intel by 34.8% during the 2nd quarter. Advanced Asset Management Advisors Inc now owns 92,979 shares of the chip maker’s stock worth $5,563,000 after purchasing an additional 24,002 shares during the last quarter. Alps Advisors Inc. raised its holdings in Intel by 68.1% in the 2nd quarter. Alps Advisors Inc. now owns 77,606 shares of the chip maker’s stock valued at $4,644,000 after buying an additional 31,437 shares during the period. Accident Compensation Corp lifted its position in Intel by 19.9% in the second quarter. Accident Compensation Corp now owns 228,252 shares of the chip maker’s stock valued at $13,657,000 after buying an additional 37,900 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Intel by 2.9% during the second quarter. TD Asset Management Inc. now owns 3,621,940 shares of the chip maker’s stock worth $216,701,000 after buying an additional 102,532 shares during the period. 64.41% of the stock is currently owned by institutional investors.
INTC stock opened at $54.16 on Friday. The stock has a market cap of $230.34 billion, a P/E ratio of 9.97, a PEG ratio of 1.48 and a beta of 0.72. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29. The company’s 50 day moving average is $50.81 and its two-hundred day moving average is $55.53.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Friday, November 6th. Intel’s payout ratio is currently 27.10%.
In other Intel news, CEO Robert Holmes Swan bought 8,021 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were acquired at an average cost of $50.00 per share, with a total value of $401,050.00. Following the acquisition, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $48.18, for a total transaction of $137,168.46. Following the completion of the sale, the executive vice president now owns 71,807 shares of the company’s stock, valued at approximately $3,459,661.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,491 shares of company stock valued at $365,878. Insiders own 0.04% of the company’s stock.
Several brokerages have recently commented on INTC. Nomura restated a “buy” rating and issued a $74.00 price objective on shares of Intel in a report on Sunday, June 21st. Bank of America lowered Intel from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $62.00 in a research report on Friday, July 24th. Barclays cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $58.00 to $48.00 in a research note on Friday, July 24th. Mizuho reissued a “buy” rating and set a $63.00 target price on shares of Intel in a research note on Monday, August 10th. Finally, Credit Suisse Group restated a “buy” rating and set a $70.00 target price on shares of Intel in a report on Monday, August 24th. Twelve research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.24.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices 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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