Intel Co. (INTC) Stake Increased by Crescent Grove Advisors LLC

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Crescent Grove Advisors LLC grew its stake in Intel Co. (NASDAQ:INTC) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,875 shares of the chip maker’s stock after acquiring an additional 1,940 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Intel were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in INTC. Keeler Thomas Management LLC increased its stake in Intel by 130.7% during the 3rd quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock worth $654,000 after purchasing an additional 7,730 shares in the last quarter. Belpointe Asset Management LLC boosted its position in Intel by 27.9% during the 3rd quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock worth $1,350,000 after acquiring an additional 6,225 shares during the last quarter. SVA Plumb Wealth Management LLC boosted its position in Intel by 4.0% during the 3rd quarter. SVA Plumb Wealth Management LLC now owns 78,431 shares of the chip maker’s stock worth $3,709,000 after acquiring an additional 3,025 shares during the last quarter. Blankinship & Foster LLC acquired a new position in Intel during the 3rd quarter worth approximately $223,000. Finally, Capital Investment Advisors LLC boosted its position in Intel by 3.5% during the 4th quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock worth $15,607,000 after acquiring an additional 11,278 shares during the last quarter. 64.80% of the stock is owned by institutional investors.

In other Intel news, Chairman Andy D. Bryant sold 11,734 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin Thomas Mcbride sold 518 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the sale, the vice president now directly owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The disclosure for this sale can be found here. Insiders have sold a total of 100,320 shares of company stock valued at $5,343,843 in the last ninety days. Insiders own 0.02% of the company’s stock.

INTC has been the subject of a number of recent research reports. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Citigroup reaffirmed a “buy” rating and set a $54.00 price target (up previously from $50.00) on shares of Intel in a research report on Friday, January 11th. Evercore ISI reduced their price target on Intel from $54.00 to $50.00 and set a “positive” rating for the company in a research report on Monday, January 14th. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Monday, January 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $58.00 price target on shares of Intel in a research report on Tuesday, January 22nd. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Intel presently has an average rating of “Hold” and a consensus price target of $54.94.

NASDAQ INTC opened at $49.24 on Thursday. The company has a market capitalization of $242.10 billion, a PE ratio of 10.75, a P/E/G ratio of 1.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. Intel Co. has a 12 month low of $42.36 and a 12 month high of $59.59.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, sell-side analysts forecast that Intel Co. will post 4.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is 27.51%.

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Intel Company Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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