Lake Street Financial LLC Buys 3,480 Shares of Intel Co. (NASDAQ:INTC)

Lake Street Financial LLC lifted its stake in Intel Co. (NASDAQ:INTCGet Rating) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,419 shares of the chip maker’s stock after purchasing an additional 3,480 shares during the period. Lake Street Financial LLC’s holdings in Intel were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in Intel during the 4th quarter worth about $20,031,000. AGF Investments Inc. grew its holdings in Intel by 43.5% during the 4th quarter. AGF Investments Inc. now owns 35,811 shares of the chip maker’s stock worth $1,844,000 after acquiring an additional 10,849 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of Intel by 21.0% in the 4th quarter. RFG Advisory LLC now owns 31,298 shares of the chip maker’s stock valued at $1,612,000 after buying an additional 5,430 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Intel by 19.3% in the 4th quarter. Valmark Advisers Inc. now owns 25,052 shares of the chip maker’s stock valued at $1,290,000 after buying an additional 4,060 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Intel by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 326,865 shares of the chip maker’s stock valued at $16,834,000 after buying an additional 2,913 shares in the last quarter. 62.74% of the stock is currently owned by institutional investors.

Intel Price Performance

Intel stock opened at $35.39 on Friday. Intel Co. has a 1 year low of $35.18 and a 1 year high of $56.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The company’s fifty day moving average price is $38.82 and its 200 day moving average price is $44.16. The stock has a market capitalization of $145.31 billion, a P/E ratio of 7.58, a P/E/G ratio of 2.10 and a beta of 0.62.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same period last year, the firm earned $1.28 EPS. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel Co. will post 2.26 earnings per share for the current fiscal year.

Intel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be issued a dividend of $0.365 per share. The ex-dividend date is Friday, August 5th. This represents a $1.46 annualized dividend and a dividend yield of 4.13%. Intel’s dividend payout ratio is presently 31.26%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INTC shares. Barclays lowered their price target on shares of Intel from $40.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, July 29th. The Goldman Sachs Group set a $30.00 price target on shares of Intel in a report on Friday, July 29th. Citigroup decreased their price objective on shares of Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, June 6th. Morgan Stanley decreased their price objective on shares of Intel from $46.00 to $36.00 and set an “underweight” rating for the company in a research report on Friday, July 29th. Finally, Wedbush decreased their price objective on shares of Intel from $44.00 to $35.00 in a research report on Friday, July 29th. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.83.

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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