Intel Co. (NASDAQ:INTC) Shares Acquired by Foundation Resource Management Inc.

Foundation Resource Management Inc. grew its stake in Intel Co. (NASDAQ:INTCGet Rating) by 68.8% during the second quarter, HoldingsChannel reports. The firm owned 481,138 shares of the chip maker’s stock after purchasing an additional 196,029 shares during the quarter. Intel comprises approximately 3.2% of Foundation Resource Management Inc.’s portfolio, making the stock its 11th biggest holding. Foundation Resource Management Inc.’s holdings in Intel were worth $17,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Lansing Street Advisors acquired a new stake in Intel during the first quarter worth about $28,000. Lloyd Advisory Services LLC. increased its stake in Intel by 2,835.0% during the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock worth $29,000 after acquiring an additional 567 shares during the last quarter. Landmark Wealth Management LLC acquired a new stake in shares of Intel in the first quarter valued at about $31,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Intel in the second quarter valued at about $37,000. Finally, Emerald Advisers LLC acquired a new stake in shares of Intel in the first quarter valued at about $38,000. Institutional investors and hedge funds own 61.52% of the company’s stock.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 14,800 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were purchased at an average cost of $33.86 per share, for a total transaction of $501,128.00. Following the transaction, the chief executive officer now directly owns 77,216 shares in the company, valued at $2,614,533.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

INTC has been the subject of a number of recent research reports. Susquehanna Bancshares lowered Intel to a “negative” rating and lowered their target price for the company from $40.00 to $33.00 in a research note on Friday, July 29th. The Goldman Sachs Group set a $30.00 target price on Intel in a research note on Friday, July 29th. Stifel Nicolaus began coverage on Intel in a research note on Wednesday, September 7th. They issued a “hold” rating and a $32.00 target price for the company. Citigroup lowered their price objective on Intel from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, June 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Intel from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, September 8th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $42.96.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.61 during mid-day trading on Friday, hitting $27.46. The company had a trading volume of 1,008,956 shares, compared to its average volume of 39,319,704. The stock has a market cap of $112.75 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 1.68 and a beta of 0.65. Intel Co. has a 12 month low of $28.04 and a 12 month high of $56.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.41. The firm’s 50 day simple moving average is $34.34 and its two-hundred day simple moving average is $40.39.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.40). The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. As a group, equities research analysts forecast that Intel Co. will post 2.25 earnings per share for the current year.

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 5.32%. The ex-dividend date is Friday, November 4th. Intel’s dividend payout ratio is currently 31.26%.

Intel Company Profile

(Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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