Koshinski Asset Management Inc. Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

Koshinski Asset Management Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,764 shares of the chip maker’s stock after buying an additional 2,293 shares during the period. Koshinski Asset Management Inc.’s holdings in Intel were worth $3,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Guggenheim Capital LLC boosted its position in Intel by 2.1% during the fourth quarter. Guggenheim Capital LLC now owns 1,674,967 shares of the chip maker’s stock valued at $100,247,000 after buying an additional 34,686 shares during the period. Macquarie Group Ltd. boosted its position in Intel by 1.9% during the fourth quarter. Macquarie Group Ltd. now owns 16,022,368 shares of the chip maker’s stock valued at $958,938,000 after buying an additional 295,674 shares during the period. Stillwater Investment Management LLC boosted its position in Intel by 3.3% during the first quarter. Stillwater Investment Management LLC now owns 47,506 shares of the chip maker’s stock valued at $2,571,000 after buying an additional 1,519 shares during the period. Summit Financial Group Inc. boosted its position in Intel by 2.0% during the first quarter. Summit Financial Group Inc. now owns 39,510 shares of the chip maker’s stock valued at $2,138,000 after buying an additional 780 shares during the period. Finally, Deane Retirement Strategies Inc. purchased a new stake in Intel during the first quarter valued at about $1,407,000. Institutional investors and hedge funds own 64.95% of the company’s stock.

A number of research firms have recently weighed in on INTC. BMO Capital Markets dropped their target price on shares of Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Friday, July 24th. Royal Bank of Canada dropped their target price on shares of Intel from $52.00 to $48.00 and set an “underperform” rating for the company in a report on Friday, July 24th. SVB Leerink began coverage on shares of Intel in a report on Friday, July 24th. They set a “hold” rating for the company. SunTrust Banks increased their target price on shares of Intel from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Robert W. Baird reiterated a “buy” rating and set a $85.00 target price on shares of Intel in a report on Friday, April 24th. Twelve investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have given a buy rating to the company’s stock. Intel presently has an average rating of “Hold” and an average price target of $61.67.

In related news, CEO Robert Holmes Swan bought 8,021 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the acquisition, the chief executive officer now owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 7,018 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $59.83, for a total transaction of $419,886.94. Following the completion of the sale, the executive vice president now owns 68,942 shares in the company, valued at approximately $4,124,799.86. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Shares of INTC opened at $47.73 on Friday. The company has a market capitalization of $204.10 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The company has a quick ratio of 1.58, a current ratio of 1.97 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $58.00 and a 200 day moving average of $59.19. Intel Co. has a twelve month low of $43.63 and a twelve month high of $69.29.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same quarter last year, the firm earned $1.06 earnings per share. On average, sell-side analysts expect that Intel Co. will post 4.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 6th. Intel’s dividend payout ratio is currently 27.10%.

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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