Ballast Advisors LLC Grows Position in Intel Co. (NASDAQ:INTC)

Ballast Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,632 shares of the chip maker’s stock after buying an additional 1,000 shares during the period. Ballast Advisors LLC’s holdings in Intel were worth $457,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Community Financial Services Group LLC increased its position in Intel by 0.9% during the first quarter. Community Financial Services Group LLC now owns 64,954 shares of the chip maker’s stock worth $3,515,000 after buying an additional 606 shares in the last quarter. Krueger & Catalano Capital Partners LLC increased its position in Intel by 18.5% during the first quarter. Krueger & Catalano Capital Partners LLC now owns 5,909 shares of the chip maker’s stock worth $320,000 after buying an additional 924 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its position in Intel by 1.2% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 25,893 shares of the chip maker’s stock worth $1,401,000 after buying an additional 300 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its position in shares of Intel by 8.4% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 7,618 shares of the chip maker’s stock valued at $412,000 after purchasing an additional 592 shares during the period. Finally, Sterling Investment Advisors Ltd. grew its position in shares of Intel by 3.1% in the first quarter. Sterling Investment Advisors Ltd. now owns 34,005 shares of the chip maker’s stock valued at $1,840,000 after purchasing an additional 1,012 shares during the period. 64.95% of the stock is owned by institutional investors.

In other Intel news, EVP Navin Shenoy sold 2,847 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $48.18, for a total transaction of $137,168.46. Following the sale, the executive vice president now owns 71,807 shares in the company, valued at $3,459,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Holmes Swan acquired 8,021 shares of the business’s stock in a transaction on Friday, July 24th. The shares were purchased at an average price of $50.00 per share, for a total transaction of $401,050.00. Following the purchase, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at $14,679,700. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

A number of equities research analysts have recently commented on INTC shares. JPMorgan Chase & Co. set a $80.00 price objective on Intel and gave the company a “buy” rating in a research report on Friday, April 24th. Jefferies Financial Group lifted their price objective on Intel from $53.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a research report on Thursday. Zacks Investment Research downgraded Intel from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Monday, July 27th. Finally, Loop Capital lowered their price target on Intel from $59.00 to $50.00 and set a “sell” rating for the company in a research report on Friday, July 24th. Twelve equities research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.67.

NASDAQ:INTC opened at $47.73 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.97. Intel Co. has a one year low of $43.63 and a one year high of $69.29. The business’s 50-day simple moving average is $58.00 and its 200 day simple moving average is $59.19. The stock has a market cap of $203.00 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.31 and a beta of 0.78.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.12. Intel had a return on equity of 31.55% and a net margin of 29.97%. The business had revenue of $19.73 billion for the quarter, compared to analysts’ expectations of $18.54 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, equities research analysts predict that Intel Co. will post 4.85 EPS for the current year.

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

About Intel

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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