Tuttle Tactical Management Acquires New Stake in Intel Co. (INTC)

Tuttle Tactical Management acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 43,312 shares of the chip maker’s stock, valued at approximately $2,033,000.

Several other large investors have also bought and sold shares of INTC. Tributary Capital Management LLC acquired a new position in shares of Intel in the fourth quarter worth about $28,000. Tortoise Investment Management LLC boosted its holdings in shares of Intel by 86.7% in the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after buying an additional 580 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in shares of Intel in the fourth quarter worth about $84,000. Lenox Wealth Management Inc. boosted its holdings in shares of Intel by 14.8% in the fourth quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock worth $105,000 after buying an additional 289 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 worth $120,000 after buying an additional 2,000 shares during the period. Institutional investors own 64.80% of the company’s stock.

In other news, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the sale, the insider now owns 76,855 shares in the company, valued at approximately $4,011,062.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 518 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the sale, the vice president now owns 8,274 shares in the company, valued at approximately $424,704.42. The disclosure for this sale can be found here. Insiders have sold 100,320 shares of company stock worth $5,343,843 in the last quarter. Corporate insiders own 0.02% of the company’s stock.

INTC opened at $45.62 on Thursday. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.54. The firm has a market cap of $209.40 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post 4.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.76%. Intel’s dividend payout ratio is currently 27.51%.

Several research analysts have commented on the stock. New Street Research set a $65.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Tuesday, April 16th. Mizuho reiterated a “buy” rating on shares of Intel in a report on Friday, April 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 target price on shares of Intel in a report on Friday, April 26th. SunTrust Banks raised their target price on shares of 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 cut shares of Intel from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $55.00 to $60.00 in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the stock. Intel has a consensus rating of “Hold” and a consensus price target of $54.23.

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Intel Company 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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