Atlas Brown Inc. Grows Holdings in Intel Co. (NASDAQ:INTC)

Atlas Brown Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,979 shares of the chip maker’s stock after buying an additional 1,642 shares during the period. Intel comprises approximately 1.1% of Atlas Brown Inc.’s holdings, making the stock its 27th largest holding. Atlas Brown Inc.’s holdings in Intel were worth $2,503,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INTC. Harvest Group Wealth Management LLC acquired a new stake in Intel in the second quarter worth about $30,000. Smith Asset Management Group LP purchased a new stake in shares of Intel in the second quarter valued at approximately $34,000. Pacifica Partners Inc. increased its position in shares of Intel by 22.8% during the third quarter. Pacifica Partners Inc. now owns 1,076 shares of the chip maker’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. Clear Perspectives Financial Planning LLC increased its position in shares of Intel by 189.2% during the second quarter. Clear Perspectives Financial Planning LLC now owns 1,070 shares of the chip maker’s stock worth $60,000 after purchasing an additional 700 shares in the last quarter. Finally, Syverson Strege & Co boosted its stake in Intel by 270.4% during the second quarter. Syverson Strege & Co now owns 1,200 shares of the chip maker’s stock worth $67,000 after buying an additional 876 shares during the last quarter. Hedge funds and other institutional investors own 62.03% of the company’s stock.

In related news, Director Dion J. Weisler purchased 10,351 shares of the firm’s stock in a transaction on Thursday, October 28th. The stock was bought at an average cost of $48.11 per share, with a total value of $497,986.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank D. Yeary acquired 10,000 shares of the stock in a transaction on Monday, October 25th. The shares were bought at an average cost 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 topic of several research reports. Roth Capital decreased their target price on Intel from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Friday, October 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $44.00 price objective (down from $51.00) on shares of Intel in a research report on Friday, October 22nd. UBS Group cut Intel from a “buy” rating to a “neutral” rating and reduced their price target for the company from $73.00 to $58.00 in a report on Friday, October 22nd. Mizuho cut Intel from a “buy” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $55.00 in a report on Friday, October 22nd. Finally, BMO Capital Markets cut Intel from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $60.00 to $52.00 in a report on Tuesday, October 26th. Eleven equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.52.

Shares of Intel stock traded up $0.66 during midday trading on Thursday, reaching $49.76. The company had a trading volume of 25,997,071 shares, compared to its average volume of 28,296,021. Intel Co. has a 1-year low of $45.24 and a 1-year high of $68.49. The company has a market capitalization of $202.37 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.52. The company has a current ratio of 2.07, a quick ratio of 1.74 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $51.98 and a 200 day simple moving average of $54.06.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Wednesday, October 20th. The chip maker reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.60. The company had revenue of $19.19 billion for the quarter, compared to analyst estimates of $18.22 billion. Intel had a net margin of 26.89% and a return on equity of 28.74%. During the same period in the previous year, the business earned $1.11 EPS. Sell-side analysts expect that Intel Co. will post 5.28 earnings per share for the current year.

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

Intel Profile

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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