Shepherd Financial Partners LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 35.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,349 shares of the chip maker’s stock after purchasing an additional 2,953 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Intel were worth $614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Beech Hill Advisors Inc. grew its holdings in Intel by 2.2% in the fourth quarter. Beech Hill Advisors Inc. now owns 106,232 shares of the chip maker’s stock worth $6,358,000 after purchasing an additional 2,250 shares during the period. Fluent Financial LLC grew its holdings in shares of Intel by 102.9% during the fourth quarter. Fluent Financial LLC now owns 45,159 shares of the chip maker’s stock valued at $2,703,000 after buying an additional 22,905 shares during the last quarter. Roof Eidam & Maycock ADV grew its holdings in shares of Intel by 5.3% during the fourth quarter. Roof Eidam & Maycock ADV now owns 36,928 shares of the chip maker’s stock valued at $2,210,000 after buying an additional 1,868 shares during the last quarter. Hurlow Wealth Management Group Inc. purchased a new stake in shares of Intel during the fourth quarter valued at approximately $216,000. Finally, 180 Wealth Advisors LLC grew its holdings in shares of Intel by 42.4% during the fourth quarter. 180 Wealth Advisors LLC now owns 24,088 shares of the chip maker’s stock valued at $1,420,000 after buying an additional 7,174 shares during the last quarter. Institutional investors and hedge funds own 66.56% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 2,848 shares of Intel stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $58.83, for a total value of $167,547.84. Following the completion of the transaction, the executive vice president now directly owns 77,709 shares of the company’s stock, valued at approximately $4,571,620.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy D. Bryant sold 9,991 shares of Intel stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $57.38, for a total transaction of $573,283.58. Following the completion of the transaction, the director now directly owns 425,595 shares of the company’s stock, valued at $24,420,641.10. The disclosure for this sale can be found here. Insiders sold a total of 118,470 shares of company stock valued at $7,005,231 over the last three months. Corporate insiders own 0.04% of the company’s stock.

A number of research firms have recently commented on INTC. UBS Group increased their price target on shares of Intel from $60.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 24th. FIX increased their price target on shares of Intel from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 24th. Nomura Securities increased their price objective on shares of Intel from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Loop Capital downgraded shares of Intel from a “hold” rating to a “sell” rating and increased their price objective for the company from $50.00 to $59.00 in a research report on Friday, January 24th. Finally, Robert W. Baird restated a “buy” rating and set a $85.00 price objective on shares of Intel in a research report on Friday, April 24th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $64.97.

INTC opened at $58.28 on Friday. The stock has a market capitalization of $252.64 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.65 and a beta of 0.82. The company has a fifty day moving average of $57.65 and a 200 day moving average of $58.65. Intel Co. has a fifty-two week low of $42.86 and a fifty-two week high of $69.29. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.17. The company had revenue of $19.83 billion during the quarter, compared to analysts’ expectations of $18.65 billion. Intel had a net margin of 30.02% and a return on equity of 31.64%. Intel’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, equities research analysts forecast that Intel Co. will post 4.82 earnings per share for the current year.

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

Intel Company 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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