WealthPLAN Partners LLC Buys 648 Shares of Intel Co. (NASDAQ:INTC)


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WealthPLAN Partners LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,902 shares of the chip maker’s stock after buying an additional 648 shares during the quarter. WealthPLAN Partners LLC’s holdings in Intel were worth $6,520,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Intel by 2.6% in the 3rd quarter. BlackRock Inc. now owns 320,571,576 shares of the chip maker’s stock valued at $16,599,197,000 after purchasing an additional 8,155,998 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Intel by 28.1% in the 4th quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock valued at $1,622,845,000 after purchasing an additional 7,151,405 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Intel by 3.2% during the 4th quarter. Fisher Asset Management LLC now owns 29,200,534 shares of the chip maker’s stock valued at $1,454,771,000 after acquiring an additional 897,790 shares in the last quarter. Morgan Stanley raised its position in shares of Intel by 5.1% in the 3rd quarter. Morgan Stanley now owns 28,764,845 shares of the chip maker’s stock worth $1,489,443,000 after acquiring an additional 1,404,805 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Intel by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,938,003 shares of the chip maker’s stock valued at $1,239,509,000 after buying an additional 968,402 shares in the last quarter. 63.25% of the stock is owned by hedge funds and other institutional investors.

In other Intel news, CFO George S. Davis bought 9,095 shares of Intel stock in a transaction that occurred on Tuesday, January 26th. The stock was purchased at an average price of $55.34 per share, with a total value of $503,317.30. Following the completion of the acquisition, the chief financial officer now directly owns 71,223 shares in the company, valued at approximately $3,941,480.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Holmes Swan acquired 27,244 shares of the business’s stock in a transaction on Monday, January 25th. The stock was purchased at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the acquisition, the chief executive officer now directly owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

INTC has been the topic of a number of research analyst reports. Mizuho increased their target price on Intel from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Bank of America reiterated a “sell” rating and set a $58.00 price target on shares of Intel in a research note on Friday, January 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, February 5th. Roth Capital increased their price objective on shares of Intel from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, January 22nd. Finally, JPMorgan Chase & Co. set a $80.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Friday, January 22nd. Eleven analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.64.

NASDAQ:INTC traded down $0.25 on Tuesday, hitting $60.46. The stock had a trading volume of 1,357,697 shares, compared to its average volume of 39,641,777. The company has a market cap of $245.65 billion, a PE ratio of 11.65, a P/E/G ratio of 1.63 and a beta of 0.74. Intel Co. has a 52 week low of $43.61 and a 52 week high of $65.11. The business’s fifty day moving average is $57.25 and its 200 day moving average is $51.11. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same quarter last year, the business earned $1.52 earnings per share. Equities analysts predict that Intel Co. will post 4.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 5th will be issued a $0.3475 dividend. The ex-dividend date is Thursday, February 4th. This represents a $1.39 annualized dividend and a yield of 2.30%. This is an increase from Intel’s previous quarterly dividend of $0.33. Intel’s dividend payout ratio is currently 28.54%.

Intel Company Profile

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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