Pittenger & Anderson Inc. Has $2.56 Million Stock Position in Intel Co. (NASDAQ:INTC)

Pittenger & Anderson Inc. lifted its holdings in shares of Intel Co. (NASDAQ:INTCGet Rating) by 829.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,524 shares of the chip maker’s stock after purchasing an additional 61,153 shares during the period. Pittenger & Anderson Inc.’s holdings in Intel were worth $2,563,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Lansing Street Advisors acquired a new position in Intel in the first quarter valued at $28,000. Lloyd Advisory Services LLC. lifted its holdings in Intel by 2,835.0% in the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock valued at $29,000 after buying an additional 567 shares during the period. Landmark Wealth Management LLC acquired a new position in Intel in the first quarter valued at $31,000. Marshall & Sullivan Inc. WA acquired a new position in Intel in the second quarter valued at $37,000. Finally, Emerald Advisers LLC acquired a new position in Intel in the first quarter valued at $38,000. Institutional investors and hedge funds own 61.52% of the company’s stock.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger purchased 14,800 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was acquired at an average price of $33.86 per share, with a total value of $501,128.00. Following the transaction, the chief executive officer now directly owns 77,216 shares of the company’s stock, valued at approximately $2,614,533.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.02% of the stock is owned by insiders.

Intel Stock Performance

Intel stock opened at $28.07 on Friday. The firm’s 50 day simple moving average is $34.34 and its 200 day simple moving average is $40.39. The firm has a market capitalization of $115.26 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. Intel Co. has a 1-year low of $28.04 and a 1-year high of $56.28. The company has a current ratio of 1.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Intel (NASDAQ:INTCGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.40). The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. Intel’s quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. As a group, analysts expect that Intel Co. will post 2.25 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, November 4th. Intel’s dividend payout ratio is currently 31.26%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of Intel from $42.00 to $40.00 in a report on Tuesday, July 19th. The Goldman Sachs Group set a $30.00 price target on shares of Intel in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, September 8th. Sanford C. Bernstein set a $30.00 price target on shares of Intel in a research note on Monday, September 12th. Finally, Barclays decreased their price target on shares of Intel from $40.00 to $35.00 and set an “underweight” rating for the company in a research note on Friday, July 29th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.96.

Intel Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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