Savant Capital LLC Raises Stake in Intel Co. (INTC)

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Savant Capital LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 6.8% in the second quarter, HoldingsChannel.com reports. The firm owned 46,437 shares of the chip maker’s stock after purchasing an additional 2,952 shares during the period. Savant Capital LLC’s holdings in Intel were worth $2,308,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Midwest Professional Planners LTD. lifted its position in Intel by 10.7% during the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after acquiring an additional 966 shares in the last quarter. Kingfisher Capital LLC raised its position in shares of Intel by 9.6% in the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock valued at $578,000 after purchasing an additional 967 shares in the last quarter. Fiduciary Group LLC raised its position in shares of Intel by 2.9% in the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock valued at $1,779,000 after purchasing an additional 969 shares in the last quarter. WealthTrust Fairport LLC raised its position in shares of Intel by 2.9% in the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock valued at $1,811,000 after purchasing an additional 971 shares in the last quarter. Finally, Schnieders Capital Management LLC raised its position in shares of Intel by 0.8% in the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock valued at $6,069,000 after purchasing an additional 972 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the transaction, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total value of $102,050.10. Following the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,747 shares of company stock valued at $398,552. 0.03% of the stock is owned by company insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, October 29th. B. Riley upped their target price on Intel from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $52.00 target price on shares of Intel in a research report on Thursday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $57.00 target price (down from $60.00) on shares of Intel in a research report on Friday, October 26th. Finally, Royal Bank of Canada set a $55.00 target price on Intel and gave the company a “neutral” rating in a research report on Friday, October 26th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.33.

Shares of INTC opened at $47.25 on Wednesday. The firm has a market cap of $220.40 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.24 and a beta of 0.88. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. The firm had revenue of $19.16 billion during the quarter, compared to the consensus estimate of $18.11 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. On average, equities analysts forecast that Intel Co. will post 4.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. Intel’s payout ratio is currently 34.68%.

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Intel Company Profile

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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