Intel Co. (NASDAQ:INTC) Position Raised by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC raised its stake in Intel Co. (NASDAQ:INTCGet Rating) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,867 shares of the chip maker’s stock after buying an additional 2,539 shares during the period. BerganKDV Wealth Management LLC’s holdings in Intel were worth $3,810,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Intel by 4.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 245,727 shares of the chip maker’s stock valued at $12,178,000 after purchasing an additional 10,188 shares during the period. Intercontinental Wealth Advisors LLC grew its holdings in shares of Intel by 2.2% during the 1st quarter. Intercontinental Wealth Advisors LLC now owns 32,164 shares of the chip maker’s stock valued at $1,594,000 after acquiring an additional 682 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Intel by 1.6% during the 1st quarter. Clearstead Advisors LLC now owns 159,900 shares of the chip maker’s stock valued at $7,925,000 after acquiring an additional 2,562 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in shares of Intel by 4.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 31,430 shares of the chip maker’s stock valued at $1,558,000 after acquiring an additional 1,198 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Intel by 5.6% during the 4th quarter. CWA Asset Management Group LLC now owns 11,831 shares of the chip maker’s stock valued at $609,000 after acquiring an additional 624 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INTC shares. Robert W. Baird cut shares of Intel from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $60.00 to $40.00 in a report on Friday, July 29th. Bank of America decreased their price objective on shares of Intel from $47.00 to $39.00 and set an “underperform” rating for the company in a report on Wednesday, June 29th. Morgan Stanley decreased their price objective on shares of Intel from $46.00 to $36.00 and set an “underweight” rating for the company in a report on Friday, July 29th. Barclays decreased their price objective on shares of Intel from $40.00 to $35.00 and set an “underweight” rating for the company in a report on Friday, July 29th. Finally, TheStreet cut shares of Intel from a “b-” rating to a “c+” rating in a report on Tuesday, May 24th. Nine research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $43.83.

Intel Price Performance

Intel stock traded down $0.27 during trading hours on Friday, hitting $35.39. 40,205,089 shares of the stock were exchanged, compared to its average volume of 43,986,424. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.86. The stock has a market capitalization of $145.31 billion, a P/E ratio of 7.58, a P/E/G ratio of 2.10 and a beta of 0.62. Intel Co. has a 12 month low of $35.18 and a 12 month high of $56.28. The business’s 50-day moving average is $38.82 and its two-hundred day moving average is $44.16.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.41). Intel had a net margin of 26.03% and a return on equity of 16.65%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $17.93 billion. During the same period last year, the company earned $1.28 earnings per share. Intel’s revenue for the quarter was down 17.3% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post 2.26 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th will be paid a $0.365 dividend. The ex-dividend date is Friday, August 5th. This represents a $1.46 dividend on an annualized basis and a yield of 4.13%. Intel’s payout ratio is presently 31.26%.

About Intel

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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