Lodestar Investment Counsel LLC IL Acquires 9,743 Shares of Intel Co. (INTC)

Lodestar Investment Counsel LLC IL increased its position in shares of Intel Co. (NASDAQ:INTC) by 5.6% during the first quarter, Holdings Channel reports. The fund owned 182,275 shares of the chip maker’s stock after buying an additional 9,743 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Intel were worth $6,575,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Edmond DE Rothschild Monaco bought a new stake in Intel during the third quarter worth about $113,000. Fusion Family Wealth LLC bought a new stake in Intel during the fourth quarter worth about $133,000. Orrstown Financial Services Inc. raised its stake in Intel by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the last quarter. FNY Partners Fund LP bought a new stake in Intel during the fourth quarter worth about $145,000. Finally, Security Asset Management bought a new stake in Intel during the fourth quarter worth about $162,000. Institutional investors own 65.90% of the company’s stock.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) opened at 36.13 on Wednesday. The stock has a 50 day moving average price of $36.20 and a 200-day moving average price of $36.10. The stock has a market capitalization of $170.14 billion, a P/E ratio of 15.64 and a beta of 1.03. Intel Co. has a 1-year low of $30.44 and a 1-year high of $38.45.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $14.80 billion for the quarter, compared to analyst estimates of $14.80 billion. Intel had a net margin of 17.37% and a return on equity of 20.95%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts expect that Intel Co. will post $2.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This is a positive change from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.02%. Intel’s payout ratio is 49.29%.

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A number of analysts recently issued reports on the company. Zacks Investment Research lowered Intel from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Canaccord Genuity reiterated a “hold” rating on shares of Intel in a research note on Saturday. Vetr lowered Intel from a “buy” rating to a “hold” rating and set a $37.50 price objective on the stock. in a research note on Monday, April 3rd. Needham & Company LLC reiterated a “buy” rating on shares of Intel in a research note on Friday, February 10th. Finally, Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of Intel in a research note on Tuesday, March 14th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have given a buy rating to the company. Intel presently has a consensus rating of “Hold” and a consensus price target of $40.39.

In other news, insider Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total transaction of $60,397.15. Following the sale, the insider now directly owns 113,357 shares of the company’s stock, valued at $4,177,205.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the sale, the chief executive officer now directly owns 549,091 shares in the company, valued at $19,333,494.11. The disclosure for this sale can be found here. Insiders have sold 119,993 shares of company stock worth $4,276,027 over the last three months. Corporate insiders own 0.09% of the company’s stock.

About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:INTC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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