Total Clarity Wealth Management Inc. Buys 3,757 Shares of Intel Co. (NASDAQ:INTC)

Total Clarity Wealth Management Inc. grew its stake in Intel Co. (NASDAQ:INTC) by 29.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,353 shares of the chip maker’s stock after acquiring an additional 3,757 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Intel were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Gryphon Financial Partners LLC raised its stake in shares of Intel by 237.7% in the first quarter. Gryphon Financial Partners LLC now owns 16,930 shares of the chip maker’s stock worth $1,083,000 after acquiring an additional 11,917 shares during the last quarter. Howard Capital Management Group LLC bought a new position in shares of Intel in the first quarter worth about $22,200,000. SP Asset Management raised its stake in shares of Intel by 13.1% in the first quarter. SP Asset Management now owns 46,956 shares of the chip maker’s stock worth $2,689,000 after acquiring an additional 5,453 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Intel by 9.6% during the 1st quarter. IFM Investors Pty Ltd now owns 449,150 shares of the chip maker’s stock worth $28,746,000 after buying an additional 39,353 shares during the period. Finally, Natixis Advisors L.P. grew its position in shares of Intel by 20.2% during the 1st quarter. Natixis Advisors L.P. now owns 1,167,011 shares of the chip maker’s stock worth $74,688,000 after buying an additional 196,086 shares during the period. 63.25% of the stock is owned by institutional investors.

In other news, EVP Gregory M. Bryant sold 2,842 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $57.83, for a total transaction of $164,352.86. Also, Director Dion J. Weisler bought 4,464 shares of the business’s stock in a transaction dated Tuesday, May 4th. The shares were bought at an average price of $56.00 per share, with a total value of $249,984.00. Following the purchase, the director now owns 4,464 shares in the company, valued at approximately $249,984. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

INTC has been the subject of several analyst reports. Atlantic Securities cut shares of Intel from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $63.00 to $45.00 in a research report on Monday, May 10th. Wedbush lifted their price target on shares of Intel from $48.00 to $53.00 and gave the stock an “underperform” rating in a research report on Friday, January 22nd. Barclays lifted their price target on shares of Intel from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 22nd. Northland Securities initiated coverage on shares of Intel in a research report on Wednesday, March 24th. They set a “sell” rating and a $48.00 price target for the company. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $40.00 price target on shares of Intel in a research report on Tuesday, January 19th. Thirteen research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. Intel has an average rating of “Hold” and an average target price of $63.29.

Shares of INTC stock opened at $55.35 on Friday. The stock has a market cap of $223.50 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. The company has a fifty day moving average price of $61.74 and a two-hundred day moving average price of $55.76. Intel Co. has a one year low of $43.61 and a one year high of $68.49.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $17.97 billion. Intel had a net margin of 28.10% and a return on equity of 29.44%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. As a group, equities research analysts anticipate that Intel Co. will post 4.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Friday, May 7th will be paid a $0.3475 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio is currently 28.54%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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