Intel Corporation (INTC) Position Raised by Cadinha & Co. LLC

Cadinha & Co. LLC lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,162 shares of the chip maker’s stock after purchasing an additional 10,307 shares during the quarter. Cadinha & Co. LLC’s holdings in Intel Corporation were worth $2,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of INTC. Headinvest LLC raised its stake in shares of Intel Corporation by 11.0% during the first quarter. Headinvest LLC now owns 10,898 shares of the chip maker’s stock valued at $393,000 after purchasing an additional 1,082 shares in the last quarter. Excalibur Management Corp raised its position in Intel Corporation by 8.6% in the first quarter. Excalibur Management Corp now owns 35,357 shares of the chip maker’s stock worth $1,275,000 after acquiring an additional 2,794 shares in the last quarter. First Quadrant L P CA raised its position in Intel Corporation by 1.8% in the first quarter. First Quadrant L P CA now owns 212,041 shares of the chip maker’s stock worth $7,648,000 after acquiring an additional 3,690 shares in the last quarter. Mycio Wealth Partners LLC raised its position in Intel Corporation by 27.1% in the first quarter. Mycio Wealth Partners LLC now owns 41,606 shares of the chip maker’s stock worth $1,501,000 after acquiring an additional 8,878 shares in the last quarter. Finally, First Mercantile Trust Co. raised its position in Intel Corporation by 8.8% in the first quarter. First Mercantile Trust Co. now owns 15,775 shares of the chip maker’s stock worth $569,000 after acquiring an additional 1,275 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Several equities research analysts have commented on INTC shares. Zacks Investment Research cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Intel Corporation in a research report on Wednesday, July 12th. Stifel Nicolaus boosted their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, BidaskClub cut shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.00.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.31%. Intel Corporation’s dividend payout ratio is presently 38.11%.

In other news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the transaction, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of Intel Corporation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares in the company, valued at approximately $19,209,747.20. The disclosure for this sale can be found here. Insiders sold a total of 659,036 shares of company stock valued at $28,858,170 over the last ninety days. Insiders own 0.08% of the company’s stock.

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Intel Corporation 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 Corporation (NASDAQ:INTC)

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