Intel Co. (INTC) Stake Boosted by NewSquare Capital LLC

NewSquare Capital LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,919 shares of the chip maker’s stock after acquiring an additional 1,296 shares during the period. NewSquare Capital LLC’s holdings in Intel were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. purchased a new position in Intel in the third quarter valued at approximately $119,000. Acrospire Investment Management LLC lifted its stake in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in Intel in the third quarter valued at approximately $158,000. Finally, Family Capital Trust Co lifted its stake in Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the last quarter. 69.16% of the stock is owned by institutional investors.

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Several research firms have issued reports on INTC. Sanford C. Bernstein set a $34.00 target price on Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC increased their target price on Intel from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. SunTrust Banks restated a “hold” rating and set a $50.00 target price on shares of Intel in a research report on Friday, January 26th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research report on Wednesday, January 17th. Finally, Wells Fargo restated a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Intel currently has an average rating of “Buy” and a consensus price target of $50.79.

Intel stock opened at $48.79 on Monday. The firm has a market capitalization of $227,751.72, a PE ratio of 14.10, a PEG ratio of 1.64 and a beta of 0.95. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. sell-side analysts anticipate that Intel Co. will post 3.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Intel’s dividend payout ratio is presently 34.68%.

In related news, EVP Navin Shenoy sold 1,643 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $49.28, for a total value of $80,967.04. Following the transaction, the executive vice president now owns 22,453 shares of the company’s stock, valued at $1,106,483.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 8,659 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the completion of the transaction, the chief executive officer now directly owns 263,382 shares in the company, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. In the last three months, insiders sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by insiders.

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Intel 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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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