Forte Capital LLC ADV Raises Stake in Intel Co. (NASDAQ:INTC)

Forte Capital LLC ADV grew its stake in shares of Intel Co. (NASDAQ:INTC) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,263 shares of the chip maker’s stock after purchasing an additional 201 shares during the quarter. Forte Capital LLC ADV’s holdings in Intel were worth $529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. Delta Asset Management LLC TN increased its holdings in shares of Intel by 0.9% during the second quarter. Delta Asset Management LLC TN now owns 23,170 shares of the chip maker’s stock valued at $1,109,000 after acquiring an additional 200 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its position in Intel by 0.4% in the second quarter. Mount Vernon Associates Inc. MD now owns 46,004 shares of the chip maker’s stock valued at $2,202,000 after buying an additional 200 shares during the last quarter. NTV Asset Management LLC boosted its position in Intel by 0.7% in the second quarter. NTV Asset Management LLC now owns 28,219 shares of the chip maker’s stock valued at $1,351,000 after buying an additional 208 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC boosted its position in Intel by 3.0% in the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,066 shares of the chip maker’s stock valued at $340,000 after buying an additional 209 shares during the last quarter. Finally, Apriem Advisors boosted its position in Intel by 3.1% in the fourth quarter. Apriem Advisors now owns 7,074 shares of the chip maker’s stock valued at $332,000 after buying an additional 210 shares during the last quarter. 65.89% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Navin Shenoy sold 601 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $51.76, for a total value of $31,107.76. Following the completion of the transaction, the executive vice president now directly owns 53,063 shares of the company’s stock, valued at approximately $2,746,540.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Holmes Swan acquired 10,918 shares of Intel stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the purchase, the chief executive officer now owns 168,955 shares in the company, valued at approximately $7,721,243.50. The disclosure for this purchase can be found here. Over the last three months, insiders sold 41,541 shares of company stock valued at $2,135,306. 0.02% of the stock is owned by corporate insiders.



Shares of NASDAQ:INTC traded up $0.75 during midday trading on Wednesday, reaching $50.48. 10,057,228 shares of the company’s stock traded hands, compared to its average volume of 22,885,762. Intel Co. has a 1 year low of $42.36 and a 1 year high of $59.59. The company has a market cap of $224.25 billion, a P/E ratio of 11.02, a PEG ratio of 1.55 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 has a fifty day simple moving average of $49.63 and a two-hundred day simple moving average of $49.57.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $15.70 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that Intel Co. will post 4.38 EPS for the current fiscal year.

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

A number of equities research analysts recently commented on INTC shares. Sanford C. Bernstein reiterated a “sell” rating and issued a $39.00 target price on shares of Intel in a research report on Friday, July 26th. Atlantic Securities started coverage on Intel in a research report on Monday, July 22nd. They issued an “underweight” rating and a $38.00 target price on the stock. Zacks Investment Research upgraded Intel from a “sell” rating to a “hold” rating and set a $54.00 target price on the stock in a research report on Monday, July 29th. Loop Capital started coverage on Intel in a research report on Monday, August 12th. They issued a “hold” rating and a $50.00 target price on the stock. Finally, Bank of America dropped their target price on Intel from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.79.

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.

See Also: What is basic economics?

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.