Intel Co. (NASDAQ:INTC) Holdings Lifted by Dearborn Partners LLC

Dearborn Partners LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,312 shares of the chip maker’s stock after acquiring an additional 2,071 shares during the quarter. Dearborn Partners LLC’s holdings in Intel were worth $1,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Intel by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 43,643,371 shares of the chip maker’s stock worth $2,611,183,000 after purchasing an additional 2,854,921 shares during the period. Morgan Stanley lifted its stake in Intel by 3.8% during the first quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after buying an additional 1,108,810 shares in the last quarter. FMR LLC boosted its holdings in shares of Intel by 39.2% in the second quarter. FMR LLC now owns 29,092,410 shares of the chip maker’s stock worth $1,740,598,000 after buying an additional 8,197,324 shares during the period. Fisher Asset Management LLC increased its position in shares of Intel by 3.1% in the second quarter. Fisher Asset Management LLC now owns 28,665,401 shares of the chip maker’s stock worth $1,715,051,000 after acquiring an additional 863,417 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Intel by 116.0% during the second quarter. Nordea Investment Management AB now owns 14,478,112 shares of the chip maker’s stock valued at $863,186,000 after acquiring an additional 7,774,135 shares during the period. 64.41% of the stock is owned by institutional investors.

A number of research firms recently commented on INTC. BofA Securities lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. set a $75.00 price target on Intel and gave the company a “buy” rating in a report on Tuesday. Tigress Financial reissued a “buy” rating on shares of Intel in a research note on Thursday, July 30th. ValuEngine upgraded Intel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 10th. Finally, Charter Equity restated a “hold” rating on shares of Intel in a report on Friday, July 24th. Eleven analysts have rated the stock with a sell rating, nineteen have given a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.18.

In other Intel news, VP Kevin Thomas Mcbride sold 4,400 shares of Intel stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $49.28, for a total transaction of $216,832.00. Following the sale, the vice president now directly owns 14,214 shares of the company’s stock, valued at $700,465.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Holmes Swan acquired 8,021 shares of the stock in a transaction dated Friday, July 24th. The stock was bought at an average price of $50.00 per share, for a total transaction of $401,050.00. Following the completion of the purchase, the chief executive officer now owns 293,594 shares in the company, valued at approximately $14,679,700. The disclosure for this purchase can be found here. Insiders sold a total of 7,491 shares of company stock worth $365,878 in the last three months. Insiders own 0.04% of the company’s stock.

Shares of INTC stock opened at $53.50 on Thursday. Intel Co. has a 1 year low of $43.63 and a 1 year high of $69.29. The firm’s fifty day simple moving average is $51.18 and its 200 day simple moving average is $55.54. The firm has a market capitalization of $227.54 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.49 and a beta of 0.72. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.12. Intel had a net margin of 29.97% and a return on equity of 31.55%. The business had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Equities research analysts anticipate that Intel Co. will post 4.86 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Saturday, November 7th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s dividend payout ratio (DPR) is presently 27.10%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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