Eagle Strategies LLC Invests $228,000 in Intel Co. (NASDAQ:INTC)

Eagle Strategies LLC purchased a new position in shares of Intel Co. (NASDAQ:INTCGet Rating) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,424 shares of the chip maker’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garrett Investment Advisors LLC increased its position in shares of Intel by 1.3% during the fourth quarter. Garrett Investment Advisors LLC now owns 15,090 shares of the chip maker’s stock valued at $777,000 after acquiring an additional 192 shares during the last quarter. Sax Wealth Advisors LLC grew its holdings in shares of Intel by 1.9% during the 3rd quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock worth $573,000 after acquiring an additional 200 shares during the period. Mount Vernon Associates Inc. MD lifted its position in Intel by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock valued at $2,252,000 after acquiring an additional 200 shares in the last quarter. Capital One Financial Corp increased its stake in Intel by 1.3% in the 4th quarter. Capital One Financial Corp now owns 15,773 shares of the chip maker’s stock worth $812,000 after buying an additional 204 shares in the last quarter. Finally, Johnson Midwest Financial LLC increased its position in shares of Intel by 6.7% during the fourth quarter. Johnson Midwest Financial LLC now owns 3,371 shares of the chip maker’s stock worth $174,000 after acquiring an additional 211 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Patrick P. Gelsinger purchased 5,600 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $247,912.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Omar Ishrak acquired 11,025 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were bought at an average price of $45.11 per share, for a total transaction of $497,337.75. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 22,125 shares of company stock valued at $991,265. Company insiders own 0.02% of the company’s stock.

Several brokerages recently issued reports on INTC. The Goldman Sachs Group set a $41.00 price objective on shares of Intel in a research note on Monday, March 28th. Barclays set a $45.00 price target on shares of Intel in a research report on Friday, April 29th. Morgan Stanley lowered shares of Intel from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $55.00 to $47.00 in a research note on Thursday, March 3rd. Bank of America cut their price target on shares of Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a report on Thursday, January 27th. Finally, Zacks Investment Research upgraded Intel from a “sell” rating to a “hold” rating and set a $46.00 price target on the stock in a report on Monday, May 2nd. Eight investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $54.15.

NASDAQ INTC traded up $0.28 during trading hours on Thursday, hitting $42.63. 1,183,265 shares of the company were exchanged, compared to its average volume of 38,648,672. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $46.63 and a 200 day moving average price of $48.94. Intel Co. has a 52 week low of $42.01 and a 52 week high of $58.42. The stock has a market cap of $174.31 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.63 and a beta of 0.61.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.40 billion for the quarter, compared to the consensus estimate of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post 3.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.42%. Intel’s dividend payout ratio is presently 24.25%.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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