Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,014 shares of the chip maker’s stock, valued at approximately $545,000. Intel accounts for approximately 0.5% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 22nd largest position.
Several other institutional investors have also made changes to their positions in INTC. Edmond DE Rothschild Monaco purchased a new stake in shares of Intel during the third quarter valued at about $113,000. Jacobus Wealth Management Inc. purchased a new stake in shares of Intel during the third quarter valued at about $119,000. Roble Belko & Company Inc boosted its stake in shares of Intel by 6.4% in the third quarter. Roble Belko & Company Inc now owns 3,346 shares of the chip maker’s stock valued at $126,000 after buying an additional 200 shares during the period. Fusion Family Wealth LLC purchased a new stake in shares of Intel during the fourth quarter valued at about $133,000. Finally, American Research & Management Co. boosted its stake in shares of Intel by 23.8% in the third quarter. American Research & Management Co. now owns 3,681 shares of the chip maker’s stock valued at $139,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.
Intel Co. (NASDAQ:INTC) traded up 0.39% during midday trading on Friday, hitting $36.32. 6,989,388 shares of the stock traded hands. The company’s 50-day moving average is $35.64 and its 200-day moving average is $35.99. The company has a market cap of $171.72 billion, a PE ratio of 17.13 and a beta of 1.03. Intel Co. has a one year low of $29.50 and a one year high of $38.45.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Intel had a net margin of 17.37% and a return on equity of 20.95%. The company had revenue of $16.40 billion for the quarter, compared to the consensus estimate of $15.75 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts expect that Intel Co. will post $2.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be given a $0.2725 dividend. This is an increase from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, May 3rd. Intel’s dividend payout ratio (DPR) is presently 49.29%.
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Several brokerages have weighed in on INTC. B. Riley reissued a “buy” rating and set a $44.00 price objective on shares of Intel in a research note on Monday, April 3rd. Citigroup Inc restated a “hold” rating on shares of Intel in a research report on Saturday, February 11th. Zacks Investment Research lowered Intel from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Pacific Crest restated an “overweight” rating and set a $43.00 target price on shares of Intel in a research report on Friday, February 10th. Finally, Vetr upgraded Intel from a “hold” rating to a “buy” rating and set a $37.50 target price for the company in a research report on Monday, April 10th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have given a buy rating to the stock. Intel currently has a consensus rating of “Hold” and an average price target of $40.22.
In related news, EVP Venkata S. M. Renduchintala sold 17,755 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $37.13, for a total value of $659,243.15. Following the sale, the executive vice president now owns 4,247 shares of the company’s stock, valued at approximately $157,691.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 72,172 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the transaction, the chief executive officer now directly owns 549,091 shares in the company, valued at approximately $19,333,494.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,475 shares of company stock worth $5,929,732. Insiders own 0.09% of the company’s stock.
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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