Weiss Asset Management LP Purchases 840 Shares of Intel Co. (NASDAQ:INTC)

Weiss Asset Management LP increased its position in shares of Intel Co. (NASDAQ:INTC) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,614 shares of the chip maker’s stock after acquiring an additional 840 shares during the quarter. Weiss Asset Management LP’s holdings in Intel were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Benjamin F. Edwards & Company Inc. boosted its stake in Intel by 0.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 92,686 shares of the chip maker’s stock worth $4,350,000 after acquiring an additional 769 shares during the last quarter. Sabal Trust CO boosted its stake in Intel by 2.7% during the 4th quarter. Sabal Trust CO now owns 24,207 shares of the chip maker’s stock worth $1,136,000 after acquiring an additional 647 shares during the last quarter. Shufro Rose & Co. LLC boosted its stake in Intel by 1.6% during the 4th quarter. Shufro Rose & Co. LLC now owns 918,926 shares of the chip maker’s stock worth $43,125,000 after acquiring an additional 14,044 shares during the last quarter. Sigma Investment Counselors Inc. boosted its stake in Intel by 5.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 10,985 shares of the chip maker’s stock worth $516,000 after acquiring an additional 521 shares during the last quarter. Finally, Buckley Wealth Management LLC boosted its stake in Intel by 5.8% during the 4th quarter. Buckley Wealth Management LLC now owns 86,817 shares of the chip maker’s stock worth $4,074,000 after acquiring an additional 4,749 shares during the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Robert Holmes Swan bought 10,918 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now owns 168,955 shares in the company, valued at $7,721,243.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 601 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total transaction of $31,107.76. Following the transaction, the executive vice president now owns 53,063 shares in the company, valued at $2,746,540.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,033 shares of company stock worth $1,961,792. 0.02% of the stock is owned by corporate insiders.



Several research firms recently weighed in on INTC. Nomura set a $65.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Friday, August 23rd. Deutsche Bank reaffirmed a “buy” rating and issued a $62.00 price target (up previously from $60.00) on shares of Intel in a research note on Friday, July 26th. Loop Capital assumed coverage on shares of Intel in a research note on Monday, August 12th. They issued a “hold” rating and a $50.00 price target on the stock. Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the company a “sell” rating in a research note on Friday, July 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of Intel in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.09.

INTC traded down $0.38 during trading on Monday, reaching $52.16. 826,500 shares of the stock were exchanged, compared to its average volume of 19,607,294. The stock has a market cap of $234.83 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The stock’s 50 day moving average price is $48.24 and its two-hundred day moving average price is $49.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.17. The business had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. Intel had a net margin of 28.05% and a return on equity of 28.84%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. Equities research analysts predict that Intel Co. will post 4.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.315 per share. The ex-dividend date was Tuesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.42%. Intel’s payout ratio is 27.51%.

Intel 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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