Willis Investment Counsel boosted its position in shares of Intel Co. (NASDAQ:INTC) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 821,884 shares of the chip maker’s stock after acquiring an additional 16,040 shares during the quarter. Intel accounts for approximately 2.3% of Willis Investment Counsel’s investment portfolio, making the stock its 5th biggest holding. Willis Investment Counsel’s holdings in Intel were worth $31,297,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth $119,000. Acrospire Investment Management LLC raised its position in Intel by 111.8% during the second 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 in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the period. Burt Wealth Advisors raised its position in shares of Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the period. Finally, Family Capital Trust Co raised its position in shares of Intel by 350.0% in the third 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 during the period. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on INTC. Morningstar set a $41.00 price objective on shares of Intel and gave the company a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley increased their price objective on shares of Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. KeyCorp increased their price objective on shares of Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. ValuEngine lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.04.
Shares of Intel Co. (INTC) opened at $51.78 on Wednesday. Intel Co. has a one year low of $33.23 and a one year high of $53.78. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm has a market cap of $241,710.00, a P/E ratio of 16.54, a PEG ratio of 1.77 and a beta of 1.01.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same period last year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that Intel Co. will post 3.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 38.34%.
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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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