Institute for Wealth Management LLC. Has $1.20 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Institute for Wealth Management LLC. cut its position in Intel Co. (NASDAQ:INTC) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,746 shares of the chip maker’s stock after selling 792 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Intel were worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in INTC. Norges Bank acquired a new position in Intel during the 4th quarter valued at about $2,141,057,000. Baupost Group LLC MA bought a new position in shares of Intel during the 4th quarter worth approximately $906,005,000. Primecap Management Co. CA lifted its position in shares of Intel by 28.1% during the 4th quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock worth $1,622,845,000 after buying an additional 7,151,405 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Intel by 100,766.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,195,650 shares of the chip maker’s stock worth $258,847,000 after buying an additional 5,190,499 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Intel by 161.7% during the 4th quarter. Toronto Dominion Bank now owns 7,957,652 shares of the chip maker’s stock worth $483,288,000 after buying an additional 4,916,921 shares in the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.

INTC opened at $55.35 on Friday. The company has a fifty day moving average price of $61.74 and a 200-day moving average price of $55.76. The firm has a market capitalization of $223.50 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. Intel Co. has a one year low of $43.61 and a one year high of $68.49.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. Intel had a net margin of 28.10% and a return on equity of 29.44%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $17.97 billion. During the same period in the previous year, the business earned $1.45 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts expect that Intel Co. will post 4.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a $0.3475 dividend. The ex-dividend date is Thursday, May 6th. This represents a $1.39 annualized dividend and a yield of 2.51%. Intel’s dividend payout ratio (DPR) is presently 28.54%.

Several equities analysts have commented on the stock. Loop Capital lifted their target price on shares of Intel from $50.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, March 30th. Morgan Stanley lifted their target price on shares of Intel from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Rosenblatt Securities reissued a “sell” rating and set a $40.00 target price on shares of Intel in a research report on Tuesday, January 19th. UBS Group reissued a “buy” rating and set a $73.00 target price on shares of Intel in a research report on Friday, April 23rd. Finally, Needham & Company LLC lowered their price target on shares of Intel from $74.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 29th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Intel presently has an average rating of “Hold” and a consensus price target of $63.29.

In related news, Director Dion J. Weisler bought 4,464 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was bought at an average cost of $56.00 per share, for a total transaction of $249,984.00. Following the completion of the transaction, the director now owns 4,464 shares of the company’s stock, valued at $249,984. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory M. Bryant sold 2,842 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $57.83, for a total transaction of $164,352.86. 0.04% of the stock is currently owned by insiders.

About Intel

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses 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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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