Westbourne Investment Advisors Inc. Has $772,000 Stake in Intel Co. (INTC)

Westbourne Investment Advisors Inc. increased its stake in Intel Co. (NASDAQ:INTC) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,450 shares of the chip maker’s stock after acquiring an additional 2,000 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Intel were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in shares of Intel by 86.7% during the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after purchasing an additional 580 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in shares of Intel during the fourth quarter worth about $84,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Intel by 375.2% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after purchasing an additional 2,000 shares in the last quarter. Ironwood Financial llc increased its position in shares of Intel by 429.0% during the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Highwater Wealth Management LLC acquired a new stake in shares of Intel during the fourth quarter worth about $125,000. Institutional investors and hedge funds own 64.69% of the company’s stock.

In other Intel news, EVP Navin Shenoy sold 1,821 shares of Intel stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $46.74, for a total value of $85,113.54. Following the sale, the executive vice president now owns 52,693 shares of the company’s stock, valued at approximately $2,462,870.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Thomas Mcbride sold 518 shares of Intel stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares in the company, valued at approximately $424,704.42. The disclosure for this sale can be found here. Insiders sold a total of 65,431 shares of company stock worth $3,500,497 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

A number of research firms have recently commented on INTC. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Wells Fargo & Co cut Intel from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $55.00 to $60.00 in a research report on Friday, April 5th. Goldman Sachs Group reiterated a “sell” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Sanford C. Bernstein reiterated a “sell” rating and set a $42.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Nomura began coverage on Intel in a research report on Tuesday, April 2nd. They set a “buy” rating and a $65.00 target price on the stock. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.10.

Shares of INTC opened at $55.75 on Thursday. Intel Co. has a twelve month low of $42.36 and a twelve month high of $57.60. The company has a market capitalization of $258.80 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 1.46 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company had revenue of $18.66 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts expect that Intel Co. will post 4.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 27.51%.

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About Intel

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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