Oarsman Capital Inc. Has $662,000 Stake in Intel Co. (NASDAQ:INTC)

Oarsman Capital Inc. trimmed its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 15.1% during the fourth quarter, HoldingsChannel reports. The fund owned 12,860 shares of the chip maker’s stock after selling 2,281 shares during the period. Oarsman Capital Inc.’s holdings in Intel were worth $662,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of INTC. Fort Sheridan Advisors LLC grew its position in Intel by 3.2% in the fourth quarter. Fort Sheridan Advisors LLC now owns 80,684 shares of the chip maker’s stock valued at $4,155,000 after purchasing an additional 2,493 shares in the last quarter. Regal Investment Advisors LLC grew its position in Intel by 21.8% in the fourth quarter. Regal Investment Advisors LLC now owns 74,535 shares of the chip maker’s stock valued at $3,839,000 after purchasing an additional 13,358 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in Intel in the fourth quarter valued at $2,130,000. Prosperity Consulting Group LLC bought a new position in Intel in the fourth quarter valued at $297,000. Finally, Pittenger & Anderson Inc. grew its position in Intel by 36.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 7,461 shares of the chip maker’s stock valued at $384,000 after purchasing an additional 2,005 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein set a $40.00 target price on shares of Intel in a research report on Friday, April 29th. Barclays set a $45.00 price objective on shares of Intel in a research report on Friday, April 29th. DZ Bank downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 24th. UBS Group set a $53.00 price objective on shares of Intel in a research report on Monday, February 21st. Finally, The Goldman Sachs Group set a $41.00 price objective on shares of Intel in a research report on Monday, March 28th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.82.

In related news, Director Omar Ishrak acquired 11,025 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average cost of $45.11 per share, for a total transaction of $497,337.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick P. Gelsinger acquired 5,600 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were bought at an average price of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. Insiders bought a total of 22,125 shares of company stock valued at $991,265 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Intel stock traded up $0.76 during midday trading on Friday, hitting $43.60. The company’s stock had a trading volume of 32,022,162 shares, compared to its average volume of 36,765,636. The company has a 50-day moving average price of $46.87 and a two-hundred day moving average price of $49.04. The company has a market cap of $178.28 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.62 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 1.73. Intel Co. has a 1-year low of $42.01 and a 1-year high of $58.42.

Intel (NASDAQ:INTCGet Rating) last issued its earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. The company had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. Sell-side analysts forecast that Intel Co. will post 3.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 5th. Intel’s payout ratio is presently 24.25%.

About Intel (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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