Lyell Wealth Management LP Purchases New Stake in Intel Co. (INTC)

Lyell Wealth Management LP purchased a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, Holdings Channel reports. The fund purchased 71,012 shares of the chip maker’s stock, valued at approximately $2,576,000. Intel makes up approximately 1.6% of Lyell Wealth Management LP’s investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also modified their holdings of INTC. Edmond DE Rothschild Monaco acquired a new position in shares of Intel during the third quarter valued at $113,000. Jacobus Wealth Management Inc. acquired a new position in shares of Intel during the third quarter valued at $119,000. Roble Belko & Company Inc boosted its position in shares of Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Fusion Family Wealth LLC acquired a new position in shares of Intel during the fourth quarter valued at $133,000. Finally, American Research & Management Co. boosted its position in shares of Intel by 23.8% in the third quarter. American Research & Management Co. now owns 3,681 shares of the chip maker’s stock valued at $139,000 after buying an additional 707 shares in the last quarter. 65.90% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC) opened at 35.39 on Tuesday. The firm has a 50-day moving average price of $35.78 and a 200 day moving average price of $36.11. Intel Co. has a 52 week low of $29.50 and a 52 week high of $38.45. The firm has a market capitalization of $167.32 billion, a price-to-earnings ratio of 16.69 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The company had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. Intel’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. On average, equities research analysts forecast that Intel Co. will post $2.80 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from Intel’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 3rd. Intel’s dividend payout ratio (DPR) is currently 49.29%.

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Several equities analysts have recently weighed in on INTC shares. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $39.47 price target for the company. in a research note on Wednesday, December 7th. Evercore ISI reaffirmed a “buy” rating and set a $45.00 price target (up from $43.00) on shares of Intel in a research note on Friday, December 16th. Brean Capital reaffirmed a “buy” rating on shares of Intel in a research note on Tuesday, December 13th. Loop Capital started coverage on shares of Intel in a research note on Tuesday, December 13th. They set a “buy” rating and a $40.00 price target for the company. Finally, MKM Partners reaffirmed a “buy” rating and set a $44.00 price target on shares of Intel in a research note on Monday, December 5th. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.99.

In related news, CEO Brian M. Krzanich sold 79,051 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the transaction, the chief executive officer now directly owns 394,406 shares of the company’s stock, valued at approximately $14,391,874.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $35.21, for a total value of $2,541,176.12. Following the transaction, 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. Over the last three months, insiders have sold 273,023 shares of company stock worth $9,898,612. 0.09% of the stock is currently owned by insiders.

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).

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