Carnegie Capital Asset Management LLC Grows Position in Intel Co. (NASDAQ:INTC)

Carnegie Capital Asset Management LLC grew its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 6.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 48,665 shares of the chip maker’s stock after acquiring an additional 2,777 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Intel were worth $2,412,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. increased its position in Intel by 4.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock worth $3,987,000 after buying an additional 3,565 shares in the last quarter. Trust Co. of Vermont increased its position in Intel by 1.9% during the fourth quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock worth $10,456,000 after buying an additional 3,774 shares in the last quarter. Abundance Wealth Counselors purchased a new position in Intel during the fourth quarter worth $1,958,000. Aries Wealth Management increased its position in Intel by 569.8% during the fourth quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock worth $10,452,000 after buying an additional 172,643 shares in the last quarter. Finally, SOL Capital Management CO grew its position in shares of Intel by 11.5% in the fourth quarter. SOL Capital Management CO now owns 45,896 shares of the chip maker’s stock valued at $2,364,000 after purchasing an additional 4,725 shares during the period. 62.74% of the stock is owned by institutional investors.

NASDAQ:INTC opened at $37.38 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. Intel Co. has a one year low of $36.60 and a one year high of $57.83. The business’s 50-day simple moving average is $43.10 and its 200 day simple moving average is $47.39. The stock has a market cap of $152.85 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. Intel had a return on equity of 21.67% and a net margin of 31.68%. The business had revenue of $18.40 billion for the quarter, compared to analysts’ expectations of $18.32 billion. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts predict that Intel Co. will post 3.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Saturday, May 7th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, May 5th. Intel’s dividend payout ratio is currently 24.25%.

A number of brokerages have recently commented on INTC. Sanford C. Bernstein set a $35.00 price objective on Intel in a research report on Tuesday. Tigress Financial reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Intel in a research report on Friday, June 3rd. The Goldman Sachs Group set a $41.00 price objective on Intel in a research report on Monday, March 28th. DZ Bank downgraded Intel from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 24th. Finally, Morgan Stanley downgraded Intel from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $55.00 to $47.00 in a research report on Thursday, March 3rd. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and an average target price of $53.24.

In other news, CFO David Zinsner acquired 5,500 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average cost of $44.73 per share, with a total value of $246,015.00. Following the completion of the acquisition, the chief financial officer now directly owns 8,803 shares in the company, valued at $393,758.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is owned by insiders.

About Intel (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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