Cutler Investment Counsel LLC Grows Position in Intel Corporation (INTC)

Cutler Investment Counsel LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,882 shares of the chip maker’s stock after buying an additional 2,921 shares during the quarter. Cutler Investment Counsel LLC owned about 0.05% of Intel worth $7,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Dimensional Fund Advisors LP lifted its position in Intel by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 50,601,299 shares of the chip maker’s stock valued at $1,707,253,000 after purchasing an additional 177,919 shares during the period. Legal & General Group Plc lifted its position in Intel by 1.6% in the second quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock valued at $860,658,000 after purchasing an additional 412,747 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Intel by 3.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,627,860 shares of the chip maker’s stock valued at $830,944,000 after purchasing an additional 766,819 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Intel by 1.3% in the second quarter. Alliancebernstein L.P. now owns 22,974,807 shares of the chip maker’s stock valued at $775,170,000 after purchasing an additional 300,160 shares during the period. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Argus reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, August 17th. Loop Capital reiterated a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $42.80 price target for the company. in a research report on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $43.68.

Shares of Intel Corporation (INTC) opened at $43.35 on Friday. The company has a market cap of $201,614.41, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping 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 had a net margin of 22.31% and a return on equity of 22.65%. Intel’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were paid a $0.2725 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.51%. Intel’s payout ratio is currently 38.11%.

In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold a total of 1,548,914 shares of company stock valued at $68,196,589 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

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Intel 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 (NASDAQ:INTC)

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