16,558 Shares in Intel Co. (NASDAQ:INTC) Bought by IAM Advisory LLC

IAM Advisory LLC purchased a new position in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,558 shares of the chip maker’s stock, valued at approximately $885,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in Intel during the third quarter worth $727,000. Ironwood Wealth Management LLC. boosted its stake in Intel by 7.0% during the first quarter. Ironwood Wealth Management LLC. now owns 8,279 shares of the chip maker’s stock worth $530,000 after buying an additional 543 shares during the period. Hoylecohen LLC boosted its stake in Intel by 69.3% during the first quarter. Hoylecohen LLC now owns 279,604 shares of the chip maker’s stock worth $17,895,000 after buying an additional 114,434 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in Intel by 113.1% during the first quarter. Gladstone Institutional Advisory LLC now owns 11,334 shares of the chip maker’s stock worth $725,000 after buying an additional 6,015 shares during the period. Finally, Axiom Investment Management LLC boosted its stake in Intel by 390.6% during the first quarter. Axiom Investment Management LLC now owns 3,925 shares of the chip maker’s stock worth $251,000 after buying an additional 3,125 shares during the period. Institutional investors own 62.03% of the company’s stock.

INTC opened at $49.76 on Thursday. Intel Co. has a 52-week low of $45.24 and a 52-week high of $68.49. The company has a quick ratio of 1.74, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $202.37 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52. The firm’s 50-day moving average price is $51.98 and its 200-day moving average price is $54.06.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, October 20th. The chip maker reported $1.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.60. Intel had a net margin of 26.89% and a return on equity of 28.74%. The firm had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.22 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, research analysts anticipate that Intel Co. will post 5.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Sunday, November 7th will be issued a dividend of $0.3475 per share. The ex-dividend date is Thursday, November 4th. This represents a $1.39 annualized dividend and a dividend yield of 2.79%. Intel’s dividend payout ratio (DPR) is currently 26.99%.

In other news, Director Dion J. Weisler bought 10,351 shares of the company’s stock in a transaction that occurred on Thursday, October 28th. The shares were purchased at an average price of $48.11 per share, for a total transaction of $497,986.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank D. Yeary bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 25th. The stock was purchased at an average price of $49.66 per share, for a total transaction of $496,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.02% of the company’s stock.

INTC has been the subject of several recent analyst reports. Mizuho lowered shares of Intel from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $70.00 to $55.00 in a research note on Friday, October 22nd. Susquehanna lowered their target price on shares of Intel from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intel from $58.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, October 22nd. Morgan Stanley lowered shares of Intel from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $67.00 to $55.00 in a research note on Friday, October 22nd. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $44.00 target price (down from $51.00) on shares of Intel in a research note on Friday, October 22nd. Eleven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $56.52.

About Intel

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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