Budros Ruhlin & Roe Inc. Has $1.71 Million Position in Intel Corporation (INTC)

Budros Ruhlin & Roe Inc. cut its stake in shares of Intel Corporation (NASDAQ:INTC) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,569 shares of the chip maker’s stock after selling 7,577 shares during the quarter. Intel accounts for about 0.6% of Budros Ruhlin & Roe Inc.’s investment portfolio, making the stock its 22nd largest holding. Budros Ruhlin & Roe Inc.’s holdings in Intel were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of INTC. Watermark Asset Management Inc. purchased a new stake in Intel during the 1st quarter valued at about $113,000. Winfield Associates Inc. boosted its holdings in Intel by 6.0% during the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the period. Vigilant Capital Management LLC boosted its holdings in Intel by 22.6% during the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the period. Burt Wealth Advisors boosted its holdings in Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the period. Finally, Farmers National Bank boosted its holdings in Intel by 5.1% during the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after acquiring an additional 234 shares during the period. Institutional investors own 67.69% of the company’s stock.

A number of research analysts have commented on the company. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $40.26 price target for the company. in a research report on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 price target on Intel and gave the company a “sell” rating in a research report on Tuesday, August 15th. Goldman Sachs Group reaffirmed a “hold” rating on shares of Intel in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.68.

In other news, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total value of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,548,914 shares of company stock worth $68,196,589. Company insiders own 0.08% of the company’s stock.

Shares of Intel Corporation (NASDAQ:INTC) opened at $43.44 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. Intel Corporation has a 52 week low of $33.23 and a 52 week high of $47.30. The company has a market capitalization of $208,213.20, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.51%. Intel’s dividend payout ratio (DPR) is currently 38.11%.

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Intel Company 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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