Red Door Wealth Management LLC Grows Holdings in Intel Co. (NASDAQ:INTC)

Red Door Wealth Management LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,439 shares of the chip maker’s stock after buying an additional 596 shares during the period. Intel accounts for 1.8% of Red Door Wealth Management LLC’s portfolio, making the stock its 14th largest position. Red Door Wealth Management LLC’s holdings in Intel were worth $2,471,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTC. Bay Harbor Wealth Management LLC increased its stake in shares of Intel by 17.3% in the first quarter. Bay Harbor Wealth Management LLC now owns 1,218 shares of the chip maker’s stock worth $66,000 after buying an additional 180 shares during the period. Pure Financial Advisors Inc. grew its holdings in Intel by 4.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 4,748 shares of the chip maker’s stock worth $284,000 after acquiring an additional 199 shares during the last quarter. NewFocus Financial Group LLC increased its position in shares of Intel by 3.7% in the second quarter. NewFocus Financial Group LLC now owns 5,585 shares of the chip maker’s stock valued at $334,000 after acquiring an additional 200 shares during the period. Clarity Wealth Advisors LLC raised its stake in shares of Intel by 1.7% during the third quarter. Clarity Wealth Advisors LLC now owns 11,905 shares of the chip maker’s stock valued at $616,000 after acquiring an additional 200 shares during the last quarter. Finally, RMB Capital Management LLC raised its stake in shares of Intel by 1.7% during the second quarter. RMB Capital Management LLC now owns 12,588 shares of the chip maker’s stock valued at $753,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $49.28, for a total value of $216,832.00. Following the transaction, the vice president now owns 14,214 shares of the company’s stock, valued at $700,465.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Holmes Swan bought 8,021 shares of the company’s stock in a transaction on Friday, July 24th. The stock was purchased at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the transaction, the chief executive officer now directly owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by insiders.

INTC stock opened at $54.16 on Friday. The stock has a market capitalization of $230.34 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.48 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.97 and a quick ratio of 1.58. Intel Co. has a 1-year low of $43.63 and a 1-year high of $69.29. The business has a fifty day moving average price of $50.81 and a 200-day moving average price of $55.53.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $1.23 EPS for the quarter, topping the consensus estimate of $1.11 by $0.12. The company had revenue of $19.73 billion during the quarter, compared to the consensus estimate of $18.54 billion. Intel had a return on equity of 31.55% and a net margin of 29.97%. During the same period last year, the company earned $1.06 EPS. As a group, analysts anticipate that Intel Co. will post 4.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Saturday, November 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.44%. Intel’s payout ratio is 27.10%.

Several research firms have weighed in on INTC. Roth Capital cut Intel from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.00 to $55.00 in a report on Friday, July 24th. Exane BNP Paribas lowered shares of Intel from an “outperform” rating to an “underperform” rating and set a $47.00 price objective for the company. in a report on Friday, July 24th. Barclays lowered shares of Intel from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $58.00 to $48.00 in a research note on Friday, July 24th. Sanford C. Bernstein downgraded shares of Intel from a “market perform” rating to an “underperform” rating and set a $45.00 price target for the company. in a research note on Friday, July 24th. Finally, UBS Group lifted their price objective on Intel from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a sell rating, eighteen have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.24.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, 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 comprising accelerators, boards and systems, connectivity products, and memory and storage products.

Further Reading: What is a recession?

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.