Biondo Investment Advisors LLC Has $5.19 Million Position in Intel Co. (INTC)

Biondo Investment Advisors LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,115 shares of the chip maker’s stock after purchasing an additional 2,153 shares during the period. Intel comprises about 1.2% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Biondo Investment Advisors LLC’s holdings in Intel were worth $5,192,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quad Cities Investment Group LLC purchased a new position in shares of Intel in the second quarter valued at about $107,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Intel by 375.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after acquiring an additional 2,000 shares in the last quarter. Ironwood Financial llc lifted its position in shares of Intel by 429.0% in the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after acquiring an additional 2,145 shares in the last quarter. Arlington Partners LLC purchased a new position in shares of Intel in the third quarter valued at about $151,000. Finally, Cerebellum GP LLC purchased a new position in shares of Intel in the third quarter valued at about $188,000. Institutional investors own 66.38% of the company’s stock.

Several equities analysts have recently commented on INTC shares. Evercore ISI restated a “hold” rating on shares of Intel in a research report on Sunday, October 28th. BidaskClub downgraded Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Cowen boosted their price objective on Intel from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, October 26th. Goldman Sachs Group restated a “sell” rating and issued a $44.00 price objective on shares of Intel in a research report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price objective on shares of Intel in a research report on Friday, January 25th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.76.

In other news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $46.11, for a total transaction of $69,994.98. Following the transaction, the executive vice president now owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Holmes Swan bought 5,263 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $46.74 per share, for a total transaction of $245,992.62. Following the purchase, the chief executive officer now owns 137,102 shares of the company’s stock, valued at approximately $6,408,147.48. The disclosure for this purchase can be found here. Insiders have sold 18,039 shares of company stock worth $870,162 over the last three months. 0.03% of the stock is currently owned by insiders.

Shares of NASDAQ INTC opened at $50.47 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. Intel Co. has a 1-year low of $42.36 and a 1-year high of $57.60. The company has a market cap of $228.49 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.29 and a beta of 0.74.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion for the quarter, compared to analysts’ expectations of $19.02 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts predict that Intel Co. will post 4.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.315 per share. This is a boost from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, February 6th. Intel’s payout ratio is presently 27.51%.

Intel declared that its board has approved a share repurchase plan on Thursday, November 15th that allows the company to buyback $15.00 billion in outstanding shares. This buyback authorization allows the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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About Intel

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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