Wilkins Investment Counsel Inc. raised its position in shares of Intel Co. (NASDAQ:INTC) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,652 shares of the chip maker’s stock after buying an additional 3,135 shares during the quarter. Intel comprises 3.6% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 4th biggest holding. Wilkins Investment Counsel Inc.’s holdings in Intel were worth $11,715,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Papp L Roy & Associates boosted its holdings in shares of Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock worth $2,297,000 after purchasing an additional 800 shares during the period. Crescent Grove Advisors LLC purchased a new position in shares of Intel in the 2nd quarter worth approximately $555,000. United Bank boosted its holdings in shares of Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock worth $1,479,000 after purchasing an additional 22,765 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock worth $530,000 after purchasing an additional 9,746 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its holdings in shares of Intel by 15.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock worth $4,078,000 after purchasing an additional 16,340 shares during the period. Institutional investors and hedge funds own 67.48% of the company’s stock.
In related news, CEO Brian M. Krzanich sold 5,873 shares of the business’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 transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 932,755 shares of company stock worth $41,387,752. 0.08% of the stock is owned by company insiders.
Intel Co. (NASDAQ INTC) opened at $45.56 on Friday. Intel Co. has a one year low of $33.23 and a one year high of $50.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The firm has a market capitalization of $213,220.81, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.54 and a beta of 1.07.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same period in the previous year, the business earned $0.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts predict that Intel Co. will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.63%. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s payout ratio is 60.61%.
INTC has been the subject of a number of recent research reports. Roth Capital lifted their target price on Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $50.00 target price on shares of Intel in a report on Friday, October 27th. Loop Capital reiterated a “buy” rating and issued a $49.00 target price (up previously from $45.00) on shares of Intel in a report on Friday, October 27th. Deutsche Bank reiterated a “buy” rating and issued a $45.00 target price on shares of Intel in a report on Friday, October 27th. Finally, B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Intel in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $49.33.
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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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