BTC Capital Management Inc. Raises Stake in Intel Co. (INTC)

BTC Capital Management Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,083 shares of the chip maker’s stock after purchasing an additional 34,334 shares during the quarter. Intel comprises about 1.1% of BTC Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. BTC Capital Management Inc.’s holdings in Intel were worth $6,559,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. increased its stake in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares during the last quarter. Paradigm Financial Advisors LLC increased its stake in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares during the last quarter. Marathon Capital Management increased its stake in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares during the last quarter. WealthTrust Fairport LLC increased its stake in Intel by 0.4% during the second quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock worth $1,086,000 after acquiring an additional 120 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its stake in Intel by 0.8% during the second quarter. Regal Investment Advisors LLC now owns 21,141 shares of the chip maker’s stock worth $713,000 after acquiring an additional 159 shares during the last quarter. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NASDAQ INTC opened at $48.79 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $235,173.84, a P/E ratio of 14.10, a PEG ratio of 1.69 and a beta of 0.95. Intel Co. has a 52-week low of $33.23 and a 52-week high of $53.78.

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

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

INTC has been the topic of several analyst reports. Goldman Sachs set a $43.00 price objective on Intel and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.56 price objective on the stock in a research note on Monday, February 12th. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the stock a “sell” rating in a research note on Wednesday, January 3rd. Finally, Maxim Group boosted their price objective on Intel to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Intel has an average rating of “Buy” and an average price target of $50.79.

In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at $75,371.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders sold 123,914 shares of company stock valued at $6,011,490 in the last quarter. 0.08% of the stock is owned by company insiders.

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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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