Willingdon Wealth Management Purchases 3,962 Shares of Intel Co. (INTC)

Willingdon Wealth Management increased its position in shares of Intel Co. (NASDAQ:INTC) by 3.6% during the 2nd quarter, Holdings Channel reports. The firm owned 114,125 shares of the chip maker’s stock after purchasing an additional 3,962 shares during the quarter. Intel makes up approximately 1.7% of Willingdon Wealth Management’s holdings, making the stock its 9th largest holding. Willingdon Wealth Management’s holdings in Intel were worth $5,673,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Intel by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock worth $2,651,194,000 after acquiring an additional 295,380 shares during the period. LSV Asset Management raised its position in Intel by 2.0% in the first quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock worth $1,289,509,000 after acquiring an additional 482,570 shares during the period. Fisher Asset Management LLC raised its position in Intel by 3.3% in the second quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock worth $1,164,993,000 after acquiring an additional 745,116 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Intel by 9.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,714,536 shares of the chip maker’s stock worth $781,170,000 after acquiring an additional 1,308,534 shares during the period. Finally, Sanders Capital LLC raised its position in Intel by 2.6% in the second quarter. Sanders Capital LLC now owns 12,675,542 shares of the chip maker’s stock worth $688,862,000 after acquiring an additional 321,400 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

Several analysts have commented on the stock. B. Riley lifted their price objective on shares of Intel from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Nomura lifted their price objective on shares of Intel from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Goldman Sachs Group set a $45.00 price objective on shares of Intel and gave the stock a “sell” rating in a research report on Monday. JPMorgan Chase & Co. set a $70.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Monday. Finally, Macquarie set a $60.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.33.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at $1,384,593.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 3,498 shares of company stock valued at $163,118. 0.03% of the stock is owned by corporate insiders.

Shares of NASDAQ:INTC opened at $45.40 on Tuesday. The company has a market cap of $213.75 billion, a P/E ratio of 13.12, a PEG ratio of 1.20 and a beta of 0.97. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13.

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

The company 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 annualized dividend and a yield of 2.64%. Intel’s dividend payout ratio is currently 34.68%.

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.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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