Intel Co. (INTC) Shares Bought by First Heartland Consultants Inc.

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First Heartland Consultants Inc. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 379.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 39,482 shares of the chip maker’s stock after acquiring an additional 31,248 shares during the period. First Heartland Consultants Inc.’s holdings in Intel were worth $1,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Keeler Thomas Management LLC boosted its position in shares of Intel by 130.7% during the 3rd quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock valued at $654,000 after acquiring an additional 7,730 shares during the last quarter. Blankinship & Foster LLC bought a new stake in shares of Intel during the third quarter worth $223,000. Destination Wealth Management lifted its position in shares of Intel by 58.0% during the third quarter. Destination Wealth Management now owns 18,894 shares of the chip maker’s stock worth $894,000 after purchasing an additional 6,935 shares during the last quarter. Cedar Capital LLC lifted its position in shares of Intel by 40.0% during the third quarter. Cedar Capital LLC now owns 22,737 shares of the chip maker’s stock worth $1,075,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Intel by 3.1% during the second quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock worth $769,193,000 after purchasing an additional 458,600 shares during the last quarter. 63.78% of the stock is owned by institutional investors and hedge funds.

In other Intel news, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $47.93, for a total value of $409,897.36. Following the completion of the transaction, the executive vice president now directly owns 66,871 shares of the company’s stock, valued at $3,205,127.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. Insiders sold 40,262 shares of company stock valued at $2,061,469 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on INTC. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Macquarie set a $58.00 price target on Intel and gave the company a “buy” rating in a research note on Monday, November 19th. BNP Paribas set a $53.00 price target on Intel and gave the company a “neutral” rating in a research note on Tuesday, December 4th. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Royal Bank of Canada restated a “neutral” rating and set a $55.00 price target on shares of Intel in a research note on Wednesday, January 23rd. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. Intel presently has a consensus rating of “Hold” and a consensus price target of $54.33.

Intel stock opened at $53.44 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. Intel Co. has a 52 week low of $42.36 and a 52 week high of $57.60. The stock has a market cap of $254.36 billion, a P/E ratio of 11.67, a PEG ratio of 1.41 and a beta of 0.79.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The firm had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post 4.5 EPS for the current fiscal year.

Intel declared that its Board of Directors has initiated a share buyback plan on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the chip maker to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 7th were issued a $0.315 dividend. The ex-dividend date was Wednesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 2.36%. Intel’s payout ratio is presently 27.51%.

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Intel Company Profile

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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