Great Lakes Advisors LLC Raises Position in Intel Co. (NASDAQ:INTC)

Great Lakes Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 21.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 892,627 shares of the chip maker’s stock after acquiring an additional 157,074 shares during the quarter. Great Lakes Advisors LLC’s holdings in Intel were worth $45,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Centric Wealth Management boosted its stake in shares of Intel by 18.9% during the 3rd quarter. Centric Wealth Management now owns 13,448 shares of the chip maker’s stock worth $664,000 after acquiring an additional 2,137 shares during the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Intel by 5.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 21,962 shares of the chip maker’s stock valued at $1,051,000 after buying an additional 1,077 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Intel by 23.6% during the 2nd quarter. Larson Financial Group LLC now owns 2,600 shares of the chip maker’s stock valued at $124,000 after buying an additional 496 shares in the last quarter. Asset Planning Services Inc. LA ADV lifted its stake in shares of Intel by 2.1% during the 2nd quarter. Asset Planning Services Inc. LA ADV now owns 121,027 shares of the chip maker’s stock valued at $5,794,000 after buying an additional 2,450 shares in the last quarter. Finally, Grimes & Company Inc. lifted its stake in shares of Intel by 1.6% during the 2nd quarter. Grimes & Company Inc. now owns 376,716 shares of the chip maker’s stock valued at $18,034,000 after buying an additional 5,942 shares in the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.

INTC has been the topic of a number of analyst reports. JPMorgan Chase & Co. set a $68.00 target price on shares of Intel and gave the company an “overweight” rating in a research note on Friday, October 25th. Benchmark initiated coverage on shares of Intel in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. ValuEngine cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wedbush lifted their target price on shares of Intel from $42.90 to $46.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Intel has an average rating of “Hold” and an average target price of $55.81.

In other news, EVP Navin Shenoy sold 1,404 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $55.94, for a total value of $78,539.76. Following the sale, the executive vice president now directly owns 58,168 shares in the company, valued at approximately $3,253,917.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Holmes Swan bought 10,918 shares of Intel stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $45.70 per share, for a total transaction of $498,952.60. Following the completion of the acquisition, the chief executive officer now owns 168,955 shares in the company, valued at $7,721,243.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 17,482 shares of company stock worth $911,044. Insiders own 0.02% of the company’s stock.

Shares of Intel stock traded down $0.48 during trading hours on Wednesday, reaching $57.72. The company’s stock had a trading volume of 1,083,175 shares, compared to its average volume of 22,495,316. The firm has a 50 day moving average price of $53.33 and a 200-day moving average price of $49.42. Intel Co. has a one year low of $42.86 and a one year high of $59.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.20 and a quick ratio of 0.85. The stock has a market cap of $253.47 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.69 and a beta of 0.93.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The firm had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post 4.61 EPS for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be issued a $0.315 dividend. The ex-dividend date is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s dividend payout ratio (DPR) is presently 27.51%.

Intel declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 24th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the chip maker to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Intel Profile

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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