Tuttle Tactical Management LLC Acquires New Position in Intel Corporation (INTC)

Tuttle Tactical Management LLC acquired a new position in Intel Corporation (NASDAQ:INTC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,564 shares of the chip maker’s stock, valued at approximately $761,000.

A number of other large investors have also modified their holdings of INTC. Glenview Capital Management LLC bought a new position in Intel in the first quarter worth approximately $177,881,000. DnB Asset Management AS increased its position in shares of Intel by 72.2% during the second quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after purchasing an additional 3,922,470 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Intel by 112.1% during the first quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after purchasing an additional 920,285 shares in the last quarter. Hamlin Capital Management LLC increased its position in shares of Intel by 64.3% during the second quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock worth $76,172,000 after purchasing an additional 883,525 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Intel by 87.0% during the first quarter. WINTON GROUP Ltd now owns 1,856,380 shares of the chip maker’s stock worth $70,078,000 after purchasing an additional 863,659 shares in the last quarter. 67.69% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on INTC. Sanford C. Bernstein set a $30.00 price target on Intel and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $43.68.

In related news, CEO Brian M. Krzanich sold 61,860 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the completion of the transaction, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock worth $68,196,589 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Shares of Intel Corporation (INTC) opened at $43.44 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The stock has a market cap of $208,213.20, a PE ratio of 13.99, a PEG ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. research analysts predict that Intel Corporation will post 3.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 7th were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Monday, November 6th. Intel’s dividend payout ratio is presently 38.11%.

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Intel 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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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