First Dallas Securities Inc. Grows Holdings in Intel Co. (NASDAQ:INTC)

First Dallas Securities Inc. grew its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the first quarter, HoldingsChannel reports. The firm owned 27,449 shares of the chip maker’s stock after acquiring an additional 851 shares during the quarter. Intel makes up approximately 1.1% of First Dallas Securities Inc.’s portfolio, making the stock its 27th biggest holding. First Dallas Securities Inc.’s holdings in Intel were worth $1,474,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Keeler Thomas Management LLC increased its holdings in Intel by 130.7% in the third quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock valued at $654,000 after buying an additional 7,730 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Intel by 27.9% in the third quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock valued at $1,350,000 after buying an additional 6,225 shares during the last quarter. SVA Plumb Wealth Management LLC increased its holdings in Intel by 4.0% in the third quarter. SVA Plumb Wealth Management LLC now owns 78,431 shares of the chip maker’s stock valued at $3,709,000 after buying an additional 3,025 shares during the last quarter. Wetherby Asset Management Inc. increased its holdings in Intel by 2.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 98,515 shares of the chip maker’s stock valued at $4,623,000 after buying an additional 2,414 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in Intel by 3.5% in the fourth quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock valued at $15,607,000 after buying an additional 11,278 shares during the last quarter. Institutional investors own 65.99% of the company’s stock.

INTC stock opened at $46.19 on Monday. The company has a market capitalization of $206.79 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.45 and a beta of 0.84. 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 one year low of $42.36 and a one year high of $59.59.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. Intel’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, sell-side analysts expect that Intel Co. will post 4.25 EPS for the current year.

Several brokerages have issued reports on INTC. New Street Research set a $65.00 price objective on Intel and gave the stock a “buy” rating in a report on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating on shares of Intel in a report on Friday, April 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 price objective on shares of Intel in a report on Friday, April 26th. SunTrust Banks raised their price objective on Intel to $56.00 and gave the stock a “buy” rating in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co downgraded shares of Intel from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $55.00 to $60.00 in a research note on Friday, April 5th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.17.

In related news, insider Venkata S. M. Renduchintala sold 37,989 shares of Intel stock in a transaction on Monday, April 29th. The shares were sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the transaction, the insider now owns 76,855 shares in the company, valued at approximately $4,011,062.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Ralph Rodgers sold 25,170 shares of Intel stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the transaction, the executive vice president now owns 48,140 shares in the company, valued at approximately $2,647,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,024 shares of company stock worth $3,461,860. 0.02% of the stock is owned by company insiders.

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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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