Intel Co. (INTC) Holdings Cut by White Pine Investment CO

White Pine Investment CO lessened its position in Intel Co. (NASDAQ:INTC) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,210 shares of the chip maker’s stock after selling 1,930 shares during the period. Intel accounts for 2.4% of White Pine Investment CO’s investment portfolio, making the stock its 17th biggest position. White Pine Investment CO’s holdings in Intel were worth $4,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTC. Financial Engines Advisors L.L.C. bought a new stake in Intel in the 3rd quarter worth $119,000. Acrospire Investment Management LLC grew its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Intel during the 3rd quarter valued at about $158,000. Finally, Family Capital Trust Co boosted its stake in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares in the last quarter. 69.16% of the stock is currently owned by institutional investors and hedge funds.

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INTC opened at $52.08 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel Co. has a twelve month low of $33.23 and a twelve month high of $53.78. The company has a market cap of $243,109.45, a PE ratio of 15.01, a P/E/G ratio of 1.75 and a beta of 0.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. Intel’s payout ratio is 34.68%.

A number of brokerages have recently weighed in on INTC. Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the company a “sell” rating in a research note on Wednesday, January 10th. Needham & Company LLC lifted their target price on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 target price on shares of Intel in a research note on Friday, January 26th. Raymond James Financial raised shares of Intel from an “underperform” rating to a “market perform” rating in a research note on Monday, March 26th. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. Intel has a consensus rating of “Buy” and a consensus target price of $50.30.

In other news, EVP Navin Shenoy sold 716 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00. Following the completion of the transaction, the executive vice president now directly owns 21,135 shares of the company’s stock, valued at $1,040,898.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the transaction, the vice president now directly owns 6,472 shares of the company’s stock, valued at $301,336.32. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock valued at $6,011,490 over the last three months. 0.08% of the stock is owned by corporate insiders.

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About Intel

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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