Game Plan Financial Advisors LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,846 shares of the chip maker’s stock after selling 175 shares during the period. Intel comprises about 2.3% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Game Plan Financial Advisors LLC’s holdings in Intel were worth $1,989,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Princeton Portfolio Strategies Group LLC lifted its stake in Intel by 0.4% during the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 34,092 shares of the chip maker’s stock worth $2,040,000 after purchasing an additional 150 shares during the last quarter. Frisch Financial Group Inc. lifted its stake in shares of Intel by 0.9% in the 4th quarter. Frisch Financial Group Inc. now owns 18,296 shares of the chip maker’s stock valued at $1,095,000 after acquiring an additional 158 shares during the last quarter. Dividend Assets Capital LLC lifted its stake in shares of Intel by 1.1% in the 4th quarter. Dividend Assets Capital LLC now owns 14,390 shares of the chip maker’s stock valued at $861,000 after acquiring an additional 158 shares during the last quarter. Jarislowsky Fraser Ltd lifted its stake in shares of Intel by 0.6% in the 4th quarter. Jarislowsky Fraser Ltd now owns 24,575 shares of the chip maker’s stock valued at $1,470,000 after acquiring an additional 158 shares during the last quarter. Finally, Bull Street Advisors LLC lifted its stake in shares of Intel by 0.5% in the 4th quarter. Bull Street Advisors LLC now owns 31,147 shares of the chip maker’s stock valued at $1,864,000 after acquiring an additional 160 shares during the last quarter. 66.56% of the stock is owned by hedge funds and other institutional investors.

INTC stock opened at $58.28 on Friday. The company has a market capitalization of $252.64 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 1.74. Intel Co. has a 52-week low of $42.86 and a 52-week high of $69.29. The business has a 50-day simple moving average of $57.65 and a two-hundred day simple moving average of $58.65.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The business had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. Intel had a return on equity of 31.64% and a net margin of 30.02%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, sell-side analysts forecast that Intel Co. will post 4.82 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.26%. Intel’s dividend payout ratio is currently 27.10%.

A number of research analysts have recently commented on INTC shares. Nomura reiterated a “buy” rating and issued a $74.00 price target on shares of Intel in a research note on Sunday, April 26th. Barclays upgraded Intel from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $52.00 to $58.00 in a research note on Wednesday, April 1st. Deutsche Bank reaffirmed a “buy” rating and set a $72.00 target price (up from $64.00) on shares of Intel in a research report on Friday, January 24th. Cascend Securities raised their target price on Intel from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, FIX raised their target price on Intel from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.97.

In other Intel news, insider Venkata S. M. Renduchintala sold 46,544 shares of Intel stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.67, for a total transaction of $2,823,824.48. Following the transaction, the insider now owns 126,240 shares of the company’s stock, valued at approximately $7,658,980.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Navin Shenoy sold 9,932 shares of Intel stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $57.38, for a total transaction of $569,898.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,470 shares of company stock worth $7,005,231. Insiders own 0.04% of the company’s stock.

Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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