Sequoia Financial Advisors LLC Raises Stock Position in Intel Co. (NASDAQ:INTC)

Sequoia Financial Advisors LLC lifted its position in shares of Intel Co. (NASDAQ:INTCGet Rating) by 676.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,478 shares of the chip maker’s stock after acquiring an additional 84,047 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Intel were worth $4,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garrett Investment Advisors LLC boosted its stake in 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 buying an additional 192 shares in the last quarter. Sax Wealth Advisors LLC grew its stake in shares of Intel by 1.9% in the 3rd quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock worth $573,000 after purchasing an additional 200 shares during the last quarter. Mount Vernon Associates Inc. MD grew its stake in shares of Intel by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock worth $2,252,000 after purchasing an additional 200 shares during the last quarter. Capital One Financial Corp raised its holdings in shares of 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 purchasing an additional 204 shares in the last quarter. Finally, Johnson Midwest Financial LLC lifted its stake in Intel by 6.7% during the fourth quarter. Johnson Midwest Financial LLC now owns 3,371 shares of the chip maker’s stock valued at $174,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

NASDAQ:INTC traded down $0.26 during trading hours on Thursday, hitting $42.09. 1,501,048 shares of the company traded hands, compared to its average volume of 38,648,672. The company has a current ratio of 2.13, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. Intel Co. has a twelve month low of $42.01 and a twelve month high of $58.42. The firm has a 50-day moving average of $46.63 and a 200 day moving average of $48.94. The stock has a market capitalization of $172.11 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 1.63 and a beta of 0.61.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. Intel had a net margin of 31.68% and a return on equity of 21.67%. The company had revenue of $18.40 billion for the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post 3.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be given a $0.365 dividend. The ex-dividend date is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.47%. Intel’s dividend payout ratio is currently 24.25%.

Several research analysts have issued reports on the company. The Goldman Sachs Group set a $41.00 price target on Intel in a report on Monday, March 28th. Citigroup reduced their target price on Intel from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, January 27th. Wedbush reissued an “underperform” rating and issued a $45.00 price target on shares of Intel in a research note on Thursday, April 21st. Credit Suisse Group set a $60.00 price objective on shares of Intel in a research note on Friday, April 29th. Finally, Mizuho dropped their target price on shares of Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.15.

In related news, CEO Patrick P. Gelsinger purchased 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average price of $44.27 per share, with a total value of $247,912.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Zinsner purchased 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were acquired at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the completion of the transaction, the chief financial officer now owns 8,803 shares in the company, valued at $393,758.19. The disclosure for this purchase can be found here. Insiders have bought a total of 22,125 shares of company stock worth $991,265 in the last three months. 0.02% of the stock is owned by insiders.

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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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