Resources Management Corp CT ADV Makes New $9.68 Million Investment in Intel Co. (NASDAQ:INTC)

Resources Management Corp CT ADV purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 3rd quarter, HoldingsChannel reports. The firm purchased 187,908 shares of the chip maker’s stock, valued at approximately $9,683,000. Intel accounts for about 1.8% of Resources Management Corp CT ADV’s holdings, making the stock its 15th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Institutional & Family Asset Management LLC raised its holdings in Intel by 3.3% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 55,258 shares of the chip maker’s stock worth $2,847,000 after acquiring an additional 1,772 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Intel in the third quarter valued at about $5,964,000. Man Group plc grew its position in shares of Intel by 978.3% in the third quarter. Man Group plc now owns 5,306,135 shares of the chip maker’s stock valued at $273,424,000 after purchasing an additional 4,814,051 shares during the last quarter. Signet Financial Management LLC increased its stake in shares of Intel by 111.2% in the third quarter. Signet Financial Management LLC now owns 111,325 shares of the chip maker’s stock worth $6,496,000 after purchasing an additional 58,606 shares during the period. Finally, Stamos Capital Partners L.P. increased its stake in shares of Intel by 19.0% in the third quarter. Stamos Capital Partners L.P. now owns 25,000 shares of the chip maker’s stock worth $1,288,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 65.33% of the company’s stock.

Several analysts recently weighed in on the company. Morgan Stanley increased their target price on Intel from $64.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target on Intel from $47.00 to $48.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Mizuho lifted their price target on Intel from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Northland Securities reiterated a “buy” rating and set a $69.00 price target on shares of Intel in a report on Tuesday, November 5th. Finally, KeyCorp reissued a “hold” rating on shares of Intel in a research report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel presently has an average rating of “Hold” and an average target price of $56.32.

In related news, Director James J. Goetz bought 86,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $58.24 per share, for a total transaction of $5,037,760.00. Following the transaction, the director now directly owns 137,720 shares of the company’s stock, valued at $8,020,812.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 1,404 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.94, for a total value of $78,539.76. Following the completion of the sale, the executive vice president now directly owns 58,168 shares in the company, valued at approximately $3,253,917.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,247 shares of company stock worth $3,837,663. Corporate insiders own 0.02% of the company’s stock.

Shares of Intel stock traded down $0.05 during trading on Wednesday, hitting $56.02. 18,666,453 shares of the company’s stock traded hands, compared to its average volume of 15,098,742. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s fifty day moving average price is $56.31 and its 200 day moving average price is $50.25. Intel Co. has a twelve month low of $42.86 and a twelve month high of $59.59. The company has a market cap of $252.52 billion, a PE ratio of 12.23, a PEG ratio of 1.68 and a beta of 0.91.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.18. The business had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, equities research analysts anticipate that Intel Co. will post 4.61 earnings per share for the current year.

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

Intel declared that its Board of Directors has initiated a share buyback plan on Thursday, October 24th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the chip maker to repurchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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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