SFE Investment Counsel Increases Holdings in Intel Co. (NASDAQ:INTC)

SFE Investment Counsel boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,405 shares of the chip maker’s stock after purchasing an additional 3,470 shares during the period. SFE Investment Counsel’s holdings in Intel were worth $3,616,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AGF Investments Inc. grew its holdings in shares of Intel by 78.9% during the 1st quarter. AGF Investments Inc. now owns 50,072 shares of the chip maker’s stock worth $3,205,000 after acquiring an additional 22,080 shares during the period. Atlas Brown Inc. grew its holdings in shares of Intel by 4.6% during the 2nd quarter. Atlas Brown Inc. now owns 45,337 shares of the chip maker’s stock worth $2,545,000 after acquiring an additional 2,007 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of Intel by 2,908.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 23,945 shares of the chip maker’s stock worth $1,533,000 after acquiring an additional 23,149 shares during the period. Lincoln National Corp grew its holdings in shares of Intel by 8.5% during the 1st quarter. Lincoln National Corp now owns 47,960 shares of the chip maker’s stock worth $3,069,000 after acquiring an additional 3,755 shares during the period. Finally, Bruni J V & Co. Co. grew its holdings in shares of Intel by 31.0% during the 1st quarter. Bruni J V & Co. Co. now owns 198,098 shares of the chip maker’s stock worth $12,678,000 after acquiring an additional 46,850 shares during the period. Institutional investors own 62.24% of the company’s stock.

A number of research analysts have weighed in on INTC shares. JPMorgan Chase & Co. set a $78.00 target price on Intel in a report on Thursday, August 26th. reissued a “hold” rating and issued a $60.00 price target on shares of Intel in a research report on Tuesday, July 6th. Morgan Stanley boosted their price target on Intel from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 23rd. Sanford C. Bernstein set a $43.00 price target on Intel in a research report on Friday, July 23rd. Finally, The Goldman Sachs Group set a $54.31 price target on Intel in a research report on Tuesday, July 27th. Eleven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.65.

Shares of NASDAQ:INTC traded up $0.44 during midday trading on Wednesday, hitting $54.96. The company had a trading volume of 384,745 shares, compared to its average volume of 28,327,148. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.99 and a quick ratio of 1.63. The company has a market cap of $222.97 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.50 and a beta of 0.60. Intel Co. has a 12-month low of $43.61 and a 12-month high of $68.49. The company has a fifty day moving average of $54.14 and a two-hundred day moving average of $57.73.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 22nd. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.22. Intel had a return on equity of 27.24% and a net margin of 23.91%. The business had revenue of $18.50 billion during the quarter, compared to analyst estimates of $17.80 billion. During the same quarter in the prior year, the business posted $1.23 EPS. Intel’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts expect that Intel Co. will post 4.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Saturday, August 7th were issued a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, August 5th. Intel’s dividend payout ratio (DPR) is presently 26.23%.

Intel Company Profile

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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