Intel Co. (INTC) Stake Increased by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. raised its position in shares of Intel Co. (NASDAQ:INTC) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,394 shares of the chip maker’s stock after buying an additional 2,760 shares during the period. TCI Wealth Advisors Inc.’s holdings in Intel were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtue Capital Management LLC bought a new position in Intel in the fourth quarter valued at approximately $109,000. Elmwood Wealth Management Inc. bought a new position in Intel in the first quarter valued at approximately $110,000. Financial Gravity Wealth Inc. bought a new position in Intel in the first quarter valued at approximately $120,000. Well Done LLC bought a new position in Intel in the first quarter valued at approximately $156,000. Finally, PDS Planning Inc bought a new position in Intel in the first quarter valued at approximately $159,000. 65.37% of the stock is owned by institutional investors.

Shares of NASDAQ:INTC opened at $47.03 on Monday. Intel Co. has a 12 month low of $38.98 and a 12 month high of $57.60. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35. The firm has a market cap of $221.24 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.35 and a beta of 0.97.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. Research analysts predict that Intel Co. will post 4.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. Intel’s payout ratio is 34.68%.

In related news, EVP Steven Ralph Rodgers sold 1,251 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total transaction of $60,510.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the sale, the executive vice president now owns 40,903 shares in the company, valued at $1,950,664.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,077 shares of company stock worth $205,757. 0.03% of the stock is currently owned by company insiders.

INTC has been the topic of a number of recent research reports. Needham & Company LLC reduced their price objective on shares of Intel from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 22nd. Wells Fargo & Co reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Intel in a research note on Thursday, June 21st. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, June 27th. Finally, Robert W. Baird set a $64.00 price objective on shares of Intel and gave the company a “buy” rating in a research note on Thursday, July 12th. Six investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.84.

Intel Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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