Walker Asset Management LLC Acquires Shares of 5,574 Intel Co. (NASDAQ:INTC)

Walker Asset Management LLC acquired a new stake in Intel Co. (NASDAQ:INTCGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,574 shares of the chip maker’s stock, valued at approximately $276,000.

A number of other hedge funds also recently made changes to their positions in the business. Norman Fields Gottscho Capital Management LLC bought a new position in shares of Intel during the first quarter valued at approximately $352,000. Bard Financial Services Inc. raised its holdings in Intel by 2.7% in the first quarter. Bard Financial Services Inc. now owns 188,436 shares of the chip maker’s stock worth $9,339,000 after purchasing an additional 5,024 shares in the last quarter. CNB Bank raised its holdings in Intel by 3.5% in the first quarter. CNB Bank now owns 34,444 shares of the chip maker’s stock worth $1,707,000 after purchasing an additional 1,155 shares in the last quarter. Investors Research Corp raised its holdings in Intel by 1.2% in the first quarter. Investors Research Corp now owns 43,129 shares of the chip maker’s stock worth $2,137,000 after purchasing an additional 526 shares in the last quarter. Finally, LVM Capital Management Ltd. MI raised its holdings in Intel by 0.4% in the first quarter. LVM Capital Management Ltd. MI now owns 142,921 shares of the chip maker’s stock worth $7,083,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 62.74% of the company’s stock.

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein set a $35.00 target price on Intel in a research note on Tuesday. TheStreet cut Intel from a “b-” rating to a “c+” rating in a research note on Tuesday, May 24th. Barclays set a $45.00 target price on Intel in a research note on Friday, April 29th. Wedbush reissued an “underperform” rating and issued a $45.00 target price on shares of Intel in a research note on Thursday, April 21st. Finally, Citigroup dropped their price objective on Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, June 6th. Eight investment 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.24.

In other news, CFO David Zinsner acquired 5,500 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were acquired 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 owns 8,803 shares of the company’s stock, valued at $393,758.19. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.02% of the stock is owned by insiders.

Shares of INTC traded up $0.06 during trading hours on Thursday, hitting $37.44. The company had a trading volume of 338,986 shares, compared to its average volume of 34,063,212. The company has a market capitalization of $153.09 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a current ratio of 2.13, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. Intel Co. has a one year low of $36.60 and a one year high of $57.83. The company’s fifty day moving average price is $43.10 and its two-hundred day moving average price is $47.39.

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 firm had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. During the same period in the previous year, the company posted $1.39 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts forecast that Intel Co. will post 3.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th were paid a dividend of $0.365 per share. The ex-dividend date was Thursday, May 5th. This represents a $1.46 annualized dividend and a dividend yield of 3.90%. Intel’s payout ratio is currently 24.25%.

Intel Company Profile (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.

Read More

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTCGet Rating).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.