LVM Capital Management Ltd. MI Grows Holdings in Intel Co. (NASDAQ:INTC)

LVM Capital Management Ltd. MI boosted its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,921 shares of the chip maker’s stock after purchasing an additional 600 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Intel were worth $7,083,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baldwin Brothers LLC MA raised its position in Intel by 1.8% in the 1st quarter. Baldwin Brothers LLC MA now owns 12,353 shares of the chip maker’s stock valued at $612,000 after purchasing an additional 215 shares during the last quarter. Coastal Investment Advisors Inc. raised its position in Intel by 43.9% in the 1st quarter. Coastal Investment Advisors Inc. now owns 47,114 shares of the chip maker’s stock valued at $2,335,000 after purchasing an additional 14,374 shares during the last quarter. Johnson Midwest Financial LLC raised its position in Intel by 8.0% in the 1st quarter. Johnson Midwest Financial LLC now owns 3,641 shares of the chip maker’s stock valued at $180,000 after purchasing an additional 270 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Intel by 3.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 7,493 shares of the chip maker’s stock valued at $371,000 after purchasing an additional 264 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Intel by 153.2% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 23,461 shares of the chip maker’s stock valued at $1,177,000 after purchasing an additional 14,196 shares during the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

Several brokerages have issued reports on INTC. The Goldman Sachs Group set a $41.00 price objective on shares of Intel in a research note on Monday, March 28th. StockNews.com cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 29th. TheStreet cut shares of Intel from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. Raymond James raised shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. Finally, Credit Suisse Group set a $60.00 price objective on shares of Intel in a research note on Friday, April 29th. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.24.

In related news, CFO David Zinsner acquired 5,500 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were acquired at an average cost of $44.73 per share, for a total transaction of $246,015.00. Following the acquisition, the chief financial officer now directly owns 8,803 shares in the company, valued at approximately $393,758.19. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.02% of the stock is currently owned by corporate insiders.

NASDAQ:INTC opened at $37.38 on Thursday. The firm has a market cap of $152.85 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a current ratio of 2.13, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $43.10 and its two-hundred day moving average is $47.39. Intel Co. has a 12-month low of $36.60 and a 12-month high of $57.83.

Intel (NASDAQ:INTCGet Rating) last released its earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $18.40 billion for the quarter, compared to analyst estimates of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. On average, equities research analysts forecast that Intel Co. will post 3.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th were issued a $0.365 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.91%. Intel’s dividend payout ratio (DPR) is 24.25%.

Intel Profile (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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