Bristol Advisors LLC Takes Position in Intel Corporation (INTC)

Bristol Advisors LLC purchased a new stake in Intel Corporation (NASDAQ:INTC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,600 shares of the chip maker’s stock, valued at approximately $1,167,000. Intel Corporation comprises 0.8% of Bristol Advisors LLC’s investment portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in Intel Corporation by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,627,860 shares of the chip maker’s stock valued at $830,944,000 after purchasing an additional 766,819 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Intel Corporation by 3.1% in the second quarter. Fisher Asset Management LLC now owns 20,791,355 shares of the chip maker’s stock valued at $701,500,000 after purchasing an additional 623,698 shares during the last quarter. Sanders Capital LLC boosted its holdings in Intel Corporation by 2.2% in the first quarter. Sanders Capital LLC now owns 14,736,874 shares of the chip maker’s stock valued at $545,383,000 after purchasing an additional 316,800 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Intel Corporation by 7.6% in the second quarter. Russell Investments Group Ltd. now owns 9,761,964 shares of the chip maker’s stock valued at $329,427,000 after purchasing an additional 686,808 shares during the last quarter. Finally, DnB Asset Management AS boosted its holdings in Intel Corporation by 72.2% in the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock valued at $315,670,000 after purchasing an additional 3,922,470 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of Intel Corporation stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $71,777.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stacy J. Smith sold 472,337 shares of Intel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.23, for a total value of $20,891,465.51. Following the sale, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is owned by company insiders.

Intel Corporation (NASDAQ INTC) opened at $45.58 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27. The company has a market capitalization of $213,314.41, a PE ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.

Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts predict that Intel Corporation will post 3.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio (DPR) is presently 38.11%.

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A number of research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price target on shares of Intel Corporation in a report on Wednesday, November 1st. BMO Capital Markets raised Intel Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Sanford C. Bernstein set a $34.00 price target on Intel Corporation and gave the company a “sell” rating in a report on Friday, October 27th. Canaccord Genuity increased their price target on Intel Corporation from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Roth Capital increased their price target on Intel Corporation from $43.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $43.00.

Intel Corporation Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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