180 Wealth Advisors LLC Increases Stake in Intel Co. (NASDAQ:INTC)

Share on StockTwits

180 Wealth Advisors LLC grew its position in Intel Co. (NASDAQ:INTC) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,914 shares of the chip maker’s stock after acquiring an additional 383 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Intel were worth $881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Centric Wealth Management grew its holdings in shares of Intel by 18.9% in the third quarter. Centric Wealth Management now owns 13,448 shares of the chip maker’s stock worth $664,000 after purchasing an additional 2,137 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in shares of Intel by 5.2% in the second quarter. Great Valley Advisor Group Inc. now owns 21,962 shares of the chip maker’s stock worth $1,051,000 after purchasing an additional 1,077 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Intel by 23.6% in the second quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock worth $124,000 after purchasing an additional 496 shares during the last quarter. Asset Planning Services Inc. LA ADV grew its holdings in shares of Intel by 2.1% in the second quarter. Asset Planning Services Inc. LA ADV now owns 121,027 shares of the chip maker’s stock worth $5,794,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Grimes & Company Inc. grew its holdings in shares of Intel by 1.6% in the second quarter. Grimes & Company Inc. now owns 376,716 shares of the chip maker’s stock worth $18,034,000 after purchasing an additional 5,942 shares during the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert Holmes Swan purchased 10,918 shares of the stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of $45.70 per share, for a total transaction of $498,952.60. Following the acquisition, the chief executive officer now owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 13,609 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total transaction of $699,094.33. Following the completion of the sale, the chairman now owns 450,591 shares in the company, valued at $23,146,859.67. The disclosure for this sale can be found here. Insiders sold a total of 41,541 shares of company stock worth $2,135,306 over the last 90 days. Company insiders own 0.02% of the company’s stock.

INTC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Intel from a “sell” rating to a “hold” rating and set a $54.00 price target on the stock in a report on Monday, July 29th. Goldman Sachs Group restated a “sell” rating and issued a $47.00 price target on shares of Intel in a report on Friday, July 26th. Loop Capital set a $50.00 price target on shares of Intel and gave the stock a “hold” rating in a report on Friday, October 18th. Roth Capital set a $60.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Atlantic Securities began coverage on shares of Intel in a report on Monday, July 22nd. They set an “underweight” rating and a $38.00 target price on the stock. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.79.

NASDAQ:INTC opened at $52.01 on Wednesday. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The stock has a market capitalization of $230.94 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48. The company’s 50-day simple moving average is $51.08 and its 200-day simple moving average is $49.45.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same period last year, the business earned $1.04 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts forecast that Intel Co. will post 4.38 EPS for the current year.

The company also recently declared a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be issued a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio is currently 27.51%.

About Intel

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.

Featured Story: Does the Dogs of the Dow strategy work?

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

BJs Wholesale Club Holdings Inc  Expected to Announce Earnings of $0.40 Per Share
BJs Wholesale Club Holdings Inc Expected to Announce Earnings of $0.40 Per Share
Golar LNG Limited  Receives $21.57 Average PT from Brokerages
Golar LNG Limited Receives $21.57 Average PT from Brokerages
CWC Energy Services  Stock Passes Below Two Hundred Day Moving Average of $0.15
CWC Energy Services Stock Passes Below Two Hundred Day Moving Average of $0.15
Fortuna Silver Mines  Stock Crosses Below Two Hundred Day Moving Average of $4.29
Fortuna Silver Mines Stock Crosses Below Two Hundred Day Moving Average of $4.29
Beazer Homes USA Sees Unusually Large Options Volume
Beazer Homes USA Sees Unusually Large Options Volume
Chariot Oil & Gas  Stock Crosses Below 200 Day Moving Average of $4.25
Chariot Oil & Gas Stock Crosses Below 200 Day Moving Average of $4.25


© 2006-2019 Ticker Report