Sontag Advisory LLC Raises Holdings in Intel Co. (NASDAQ:INTC)

Sontag Advisory LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 253.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 92,967 shares of the chip maker’s stock after buying an additional 66,667 shares during the quarter. Sontag Advisory LLC’s holdings in Intel were worth $5,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lion Street Advisors LLC bought a new stake in shares of Intel in the 1st quarter worth $29,000. Evolution Wealth Advisors LLC boosted its stake in shares of Intel by 1,636.1% in the 4th quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock worth $37,000 after buying an additional 589 shares during the last quarter. Clear Investment Research LLC boosted its stake in shares of Intel by 6,500.0% in the 4th quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock worth $43,000 after buying an additional 715 shares during the last quarter. Sailer Financial LLC purchased a new position in shares of Intel in the 4th quarter worth $43,000. Finally, ICW Investment Advisors LLC purchased a new position in shares of Intel in the 4th quarter worth $48,000. Institutional investors and hedge funds own 65.04% of the company’s stock.

INTC stock traded down $0.96 during mid-day trading on Monday, reaching $61.97. The company’s stock had a trading volume of 592,164 shares, compared to its average volume of 19,404,608. The stock has a market cap of $263.65 billion, a PE ratio of 12.05, a P/E/G ratio of 1.75 and a beta of 0.82. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Intel Co. has a fifty-two week low of $43.20 and a fifty-two week high of $69.29. The company’s 50 day moving average is $59.60 and its two-hundred day moving average is $58.96.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. Intel had a net margin of 30.02% and a return on equity of 31.64%. The business had revenue of $19.83 billion during the quarter, compared to the consensus estimate of $18.65 billion. During the same quarter last year, the firm earned $0.89 EPS. The business’s revenue was up 23.5% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post 4.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.32 annualized dividend and a yield of 2.13%. Intel’s dividend payout ratio is currently 27.10%.

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on Intel from $55.00 to $52.00 and set an “underperform” rating on the stock in a report on Friday, April 24th. Roth Capital reissued a “buy” rating on shares of Intel in a research note on Friday, April 24th. Citigroup dropped their target price on Intel from $67.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, March 30th. Robert W. Baird restated a “buy” rating and set a $85.00 target price on shares of Intel in a research report on Friday, April 24th. Finally, Exane BNP Paribas upgraded Intel from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Tuesday, March 24th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.97.

In related news, Director Andy D. Bryant sold 9,991 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $57.38, for a total transaction of $573,283.58. Following the sale, the director now owns 425,595 shares of the company’s stock, valued at $24,420,641.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Navin Shenoy sold 10,935 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $52.81, for a total transaction of $577,477.35. Following the sale, the executive vice president now directly owns 74,844 shares in the company, valued at approximately $3,952,511.64. The disclosure for this sale can be found here. Insiders have sold a total of 118,470 shares of company stock worth $7,005,231 over the last quarter. 0.04% of the stock is owned by company insiders.

Intel 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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