Tiemann Investment Advisors LLC Has $1.05 Million Position in Intel Corporation (INTC)

Tiemann Investment Advisors LLC raised its position in shares of Intel Corporation (NASDAQ:INTC) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,094 shares of the chip maker’s stock after buying an additional 656 shares during the period. Intel Corporation accounts for 1.0% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 28th largest position. Tiemann Investment Advisors LLC’s holdings in Intel Corporation were worth $1,049,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INTC. Fort Washington Investment Advisors Inc. OH boosted its stake in Intel Corporation by 0.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,571,699 shares of the chip maker’s stock worth $56,692,000 after buying an additional 5,166 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in Intel Corporation by 1.4% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,136,392 shares of the chip maker’s stock worth $113,130,000 after buying an additional 44,644 shares during the period. Congress Asset Management Co. MA boosted its stake in Intel Corporation by 3.8% in the first quarter. Congress Asset Management Co. MA now owns 133,750 shares of the chip maker’s stock worth $4,824,000 after buying an additional 4,949 shares during the period. Peapack Gladstone Financial Corp boosted its stake in Intel Corporation by 1.1% in the first quarter. Peapack Gladstone Financial Corp now owns 465,715 shares of the chip maker’s stock valued at $16,798,000 after buying an additional 4,970 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Intel Corporation by 1.5% in the first quarter. Private Advisor Group LLC now owns 235,562 shares of the chip maker’s stock valued at $17,183,000 after buying an additional 3,551 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Intel Corporation (INTC) opened at 35.01 on Friday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $38.45. The company has a 50 day moving average of $35.09 and a 200 day moving average of $35.65. The company has a market capitalization of $164.51 billion, a PE ratio of 13.36 and a beta of 1.01.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $14.76 billion during the quarter, compared to the consensus estimate of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. On average, analysts predict that Intel Corporation will post $3.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 3.11%. Intel Corporation’s dividend payout ratio (DPR) is presently 41.76%.

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Several research firms recently issued reports on INTC. B. Riley reiterated a “buy” rating and issued a $44.00 price objective on shares of Intel Corporation in a report on Wednesday, May 3rd. Vetr lowered shares of Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price on the stock. in a research note on Tuesday, August 8th. BidaskClub raised shares of Intel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $38.00 price target on shares of Intel Corporation and gave the company a “hold” rating in a research report on Saturday, June 3rd. Finally, Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the company a “sell” rating in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.55.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.40, for a total transaction of $51,833.60. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,910.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the sale, the chief executive officer now directly owns 534,746 shares in the company, valued at approximately $18,015,592.74. The disclosure for this sale can be found here. Insiders sold a total of 91,921 shares of company stock valued at $3,130,162 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Intel Corporation Company Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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