Intel Co. (INTC) Shares Bought by Advisor Partners LLC

Advisor Partners LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,454 shares of the chip maker’s stock after acquiring an additional 10,353 shares during the quarter. Intel accounts for about 0.8% of Advisor Partners LLC’s holdings, making the stock its 25th biggest position. Advisor Partners LLC’s holdings in Intel were worth $4,323,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Eagle Ridge Investment Management raised its position in shares of Intel by 1.8% during the 4th quarter. Eagle Ridge Investment Management now owns 370,221 shares of the chip maker’s stock worth $17,089,000 after purchasing an additional 6,407 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Intel by 3.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 290,035 shares of the chip maker’s stock valued at $13,388,000 after acquiring an additional 8,408 shares during the last quarter. Parsec Financial Management Inc. raised its holdings in Intel by 1.4% in the 4th quarter. Parsec Financial Management Inc. now owns 639,733 shares of the chip maker’s stock valued at $29,530,000 after acquiring an additional 8,593 shares during the last quarter. David R. Rahn & Associates Inc. acquired a new position in Intel in the 4th quarter valued at $1,529,000. Finally, Waldron LP raised its holdings in Intel by 38.4% in the 4th quarter. Waldron LP now owns 13,571 shares of the chip maker’s stock valued at $626,000 after acquiring an additional 3,763 shares during the last quarter. 69.16% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Intel stock opened at $48.79 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel Co. has a twelve month low of $33.23 and a twelve month high of $53.78. The firm has a market cap of $233,353.33, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the prior year, the company earned $0.79 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. sell-side analysts expect that Intel Co. will post 3.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Intel’s dividend payout ratio (DPR) is 34.68%.

In related news, VP Kevin Thomas Mcbride sold 686 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the sale, the vice president now directly owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by corporate insiders.

Several research analysts have weighed in on INTC shares. Maxim Group boosted their price target on Intel to $50.00 and gave the company a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Goldman Sachs set a $43.00 price target on Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. Mizuho reiterated a “buy” rating and issued a $47.00 price target on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Intel presently has a consensus rating of “Buy” and a consensus target price of $50.79.

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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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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