Tiedemann Advisors LLC Increases Stake in Intel Co. (NASDAQ:INTC)
Tiedemann Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 90.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,165 shares of the chip maker’s stock after buying an additional 162,350 shares during the quarter. Intel accounts for 1.2% of Tiedemann Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Tiedemann Advisors LLC’s holdings in Intel were worth $18,464,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Budros Ruhlin & Roe Inc. acquired a new position in shares of Intel during the 1st quarter worth $2,515,000. Venture Visionary Partners LLC grew its stake in shares of Intel by 0.9% during the 1st quarter. Venture Visionary Partners LLC now owns 28,059 shares of the chip maker’s stock worth $1,518,000 after purchasing an additional 256 shares during the period. MBE Wealth Management LLC acquired a new position in shares of Intel during the 1st quarter worth $128,000. Cedar Brook Financial Partners LLC grew its stake in shares of Intel by 3.5% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 10,340 shares of the chip maker’s stock worth $560,000 after purchasing an additional 353 shares during the period. Finally, WASHINGTON TRUST Co grew its stake in shares of Intel by 13.6% during the 1st quarter. WASHINGTON TRUST Co now owns 125,785 shares of the chip maker’s stock worth $6,807,000 after purchasing an additional 15,031 shares during the period. Institutional investors own 66.56% of the company’s stock.
In other news, Director Andy D. Bryant sold 9,991 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $57.38, for a total transaction of $573,283.58. Following the completion of the sale, the director now owns 425,595 shares of the company’s stock, valued at $24,420,641.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navin Shenoy sold 2,848 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $58.83, for a total transaction of $167,547.84. Following the sale, the executive vice president now directly owns 77,709 shares of the company’s stock, valued at approximately $4,571,620.47. The disclosure for this sale can be found here. Insiders sold 118,470 shares of company stock valued at $7,005,231 in the last ninety days. 0.04% of the stock is owned by corporate insiders.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.17. Intel had a net margin of 30.02% and a return on equity of 31.64%. The company had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. During the same quarter last year, the company earned $0.89 earnings per share. Intel’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, equities analysts anticipate that Intel Co. will post 4.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Thursday, May 7th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.26%. The ex-dividend date is Wednesday, May 6th. Intel’s dividend payout ratio (DPR) is 27.10%.
A number of equities research analysts recently commented on the stock. ThinkEquity assumed coverage on shares of Intel in a research note on Monday, March 16th. They issued a “buy” rating on the stock. Vertical Research assumed coverage on shares of Intel in a research note on Tuesday, March 24th. They set a “buy” rating on the stock. Citigroup decreased their price target on shares of Intel from $67.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Monday, January 27th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $56.00 price target on shares of Intel in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and a consensus price target of $64.97.
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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