Intel Co. (NASDAQ:INTC) Stake Increased by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,993 shares of the chip maker’s stock after purchasing an additional 602 shares during the period. Intel accounts for approximately 1.3% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 16th biggest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Intel were worth $1,642,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Advisory Inc. acquired a new position in shares of Intel in the second quarter valued at about $204,242,000. Robecosam AG grew its stake in shares of Intel by 28.1% in the second quarter. Robecosam AG now owns 745,099 shares of the chip maker’s stock valued at $36,696,000 after acquiring an additional 163,442 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Intel by 15.9% in the second quarter. Standard Life Aberdeen plc now owns 4,429,774 shares of the chip maker’s stock valued at $220,271,000 after acquiring an additional 606,796 shares in the last quarter. Cumberland Partners Ltd acquired a new position in shares of Intel in the second quarter valued at about $398,000. Finally, CIBC Asset Management Inc grew its stake in shares of Intel by 2.6% in the second quarter. CIBC Asset Management Inc now owns 606,775 shares of the chip maker’s stock valued at $30,163,000 after acquiring an additional 15,488 shares in the last quarter. Hedge funds and other institutional investors own 64.69% of the company’s stock.

INTC has been the topic of several research reports. Goldman Sachs Group restated a “sell” rating and issued a $44.00 price target on shares of Intel in a research note on Tuesday, January 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 price objective on shares of Intel in a research report on Friday, January 25th. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, March 27th. BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Finally, Sanford C. Bernstein set a $42.00 price objective on shares of Intel and gave the stock a “sell” rating in a research report on Friday, January 25th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $55.10.

In related news, EVP Navin Shenoy sold 8,551 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $54.33, for a total value of $464,575.83. Following the completion of the transaction, the executive vice president now owns 67,388 shares in the company, valued at approximately $3,661,190.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the completion of the transaction, the executive vice president now owns 48,140 shares of the company’s stock, valued at approximately $2,647,700. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock valued at $3,500,497 in the last three months. Company insiders own 0.03% of the company’s stock.

Shares of INTC stock traded down $0.14 on Monday, reaching $56.28. The company had a trading volume of 10,526,508 shares, compared to its average volume of 22,644,814. The stock has a market capitalization of $263.27 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.47 and a beta of 0.79. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34. Intel Co. has a one year low of $42.36 and a one year high of $57.60.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, equities analysts predict that Intel Co. will post 4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.24%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

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Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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