Intel Co. (NASDAQ:INTC) Shares Acquired by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC grew its holdings in Intel Co. (NASDAQ:INTC – Get Rating) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,665 shares of the chip maker’s stock after purchasing an additional 2,777 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Intel were worth $2,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. lifted its stake in Intel by 4.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock worth $3,987,000 after acquiring an additional 3,565 shares in the last quarter. Trust Co. of Vermont lifted its stake in Intel by 1.9% during the 4th quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock worth $10,456,000 after acquiring an additional 3,774 shares in the last quarter. Abundance Wealth Counselors acquired a new position in Intel during the 4th quarter worth about $1,958,000. Aries Wealth Management lifted its stake in Intel by 569.8% during the 4th quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock worth $10,452,000 after acquiring an additional 172,643 shares in the last quarter. Finally, SOL Capital Management CO lifted its stake in Intel by 11.5% during the 4th quarter. SOL Capital Management CO now owns 45,896 shares of the chip maker’s stock worth $2,364,000 after acquiring an additional 4,725 shares in the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Intel news, CFO David Zinsner purchased 5,500 shares of Intel stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average cost of $44.73 per share, with a total value of $246,015.00. Following the acquisition, the chief financial officer now directly owns 8,803 shares of the company’s stock, valued at $393,758.19. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.02% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the company. Wedbush restated an “underperform” rating and set a $45.00 price target on shares of Intel in a report on Thursday, April 21st. StockNews.com downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Friday, April 29th. The Goldman Sachs Group set a $41.00 price target on Intel in a report on Monday, March 28th. TheStreet downgraded Intel from a “b-” rating to a “c+” rating in a report on Tuesday, May 24th. Finally, Barclays set a $45.00 price target on Intel in a report on Friday, April 29th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.24.

Intel stock opened at $37.38 on Thursday. Intel Co. has a twelve month low of $36.60 and a twelve month high of $57.83. The stock has a 50 day moving average of $43.10 and a two-hundred day moving average of $47.39. The company has a current ratio of 2.13, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $152.85 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 1.41 and a beta of 0.60.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th were issued a $0.365 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $1.46 annualized dividend and a dividend yield of 3.91%. Intel’s dividend 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.

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