JJJ Advisors Inc. Grows Stock Holdings in Intel Co. (NASDAQ:INTC)


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JJJ Advisors Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,764 shares of the chip maker’s stock after purchasing an additional 609 shares during the period. JJJ Advisors Inc.’s holdings in Intel were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Curi Capital purchased a new position in Intel during the fourth quarter valued at $26,000. JCIC Asset Management Inc. boosted its position in shares of Intel by 177.5% during the 1st quarter. JCIC Asset Management Inc. now owns 566 shares of the chip maker’s stock valued at $36,000 after acquiring an additional 362 shares during the last quarter. DB Wealth Management Group LLC acquired a new stake in Intel during the fourth quarter worth about $29,000. Annapolis Financial Services LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $30,000. Finally, Pacifica Partners Inc. grew its position in Intel by 36.7% in the first quarter. Pacifica Partners Inc. now owns 745 shares of the chip maker’s stock worth $49,000 after acquiring an additional 200 shares during the period. 63.25% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:INTC traded down $1.26 on Tuesday, hitting $56.00. 467,043 shares of the company’s stock traded hands, compared to its average volume of 35,212,270. The company has a market cap of $226.13 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. Intel Co. has a 1 year low of $43.61 and a 1 year high of $68.49. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $63.41 and a 200-day moving average price of $55.51.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be given a dividend of $0.3475 per share. The ex-dividend date is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a yield of 2.48%. Intel’s payout ratio is currently 28.54%.

A number of brokerages recently issued reports on INTC. Jefferies Financial Group raised their price objective on Intel from $57.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, March 30th. Royal Bank of Canada upped their price target on Intel from $40.00 to $47.00 and gave the stock a “sell” rating in a report on Friday, January 22nd. Rosenblatt Securities reiterated a “sell” rating and set a $40.00 price target on shares of Intel in a report on Tuesday, January 19th. Wells Fargo & Company lifted their price target on Intel from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 30th. Finally, DZ Bank raised Intel from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Wednesday, March 31st. Twelve analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.59.

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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