Highland Capital Management LLC Has $1.22 Million Holdings in Intel Co. (NASDAQ:INTC)

Highland Capital Management LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 69.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,289 shares of the chip maker’s stock after buying an additional 9,950 shares during the quarter. Highland Capital Management LLC’s holdings in Intel were worth $1,221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Columbia Trust Co 01012016 acquired a new position in shares of Intel in the fourth quarter valued at approximately $227,000. Waterway Wealth Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $884,000. Smith Anglin Financial LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $215,000. Vision Capital Management Inc. acquired a new position in shares of Intel in the fourth quarter valued at approximately $535,000. Finally, New Millennium Group LLC grew its position in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on INTC. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their target price for the company from $32.00 to $50.00 in a research report on Friday, December 15th. Barclays upped their target price on Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 26th. Raymond James reduced their price target on Intel from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Finally, Susquehanna increased their price target on Intel from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $41.48.

Intel Price Performance

Intel stock opened at $43.77 on Thursday. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company’s 50 day moving average price is $43.98 and its two-hundred day moving average price is $42.01. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $185.06 billion, a P/E ratio of 112.23, a P/E/G ratio of 4.38 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, equities analysts predict that Intel Co. will post 0.64 earnings per share for the current year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $42.74 per share, with a total value of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.