Barrington Strategic Wealth Management Group LLC Grows Stake in Intel Co. (INTC)

Barrington Strategic Wealth Management Group LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,045 shares of the chip maker’s stock after purchasing an additional 2,870 shares during the quarter. Barrington Strategic Wealth Management Group LLC’s holdings in Intel were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of INTC. Summit Global Investments grew its position in Intel by 17.3% during the first quarter. Summit Global Investments now owns 8,480 shares of the chip maker’s stock valued at $306,000 after acquiring an additional 1,250 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its position in Intel by 2.9% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 257,939 shares of the chip maker’s stock valued at $9,304,000 after acquiring an additional 7,252 shares during the last quarter. Farmers National Bank grew its holdings in shares of Intel by 5.1% in the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares during the last quarter. BSW Wealth Partners grew its holdings in shares of Intel by 4.3% in the first quarter. BSW Wealth Partners now owns 7,733 shares of the chip maker’s stock worth $279,000 after purchasing an additional 318 shares during the last quarter. Finally, Bath Savings Trust Co grew its holdings in shares of Intel by 5.9% in the second quarter. Bath Savings Trust Co now owns 20,255 shares of the chip maker’s stock worth $684,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors own 67.56% of the company’s stock.

Shares of Intel Co. (NASDAQ:INTC) traded down $0.49 during mid-day trading on Thursday, hitting $47.65. The company’s stock had a trading volume of 28,840,380 shares, compared to its average volume of 39,180,000. Intel Co. has a twelve month low of $33.23 and a twelve month high of $50.85. The stock has a market cap of $223,000.00, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. analysts forecast that Intel Co. will post 3.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is 55.05%.

In related news, EVP Navin Shenoy sold 716 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $49.25, for a total transaction of $35,263.00. Following the completion of the sale, the executive vice president now directly owns 21,135 shares in the company, valued at approximately $1,040,898.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’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. Insiders have sold a total of 910,348 shares of company stock valued at $40,300,261 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Several research analysts have recently issued reports on INTC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel in a research note on Friday, October 6th. Mizuho reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Intel in a research note on Monday, October 9th. Susquehanna Bancshares raised their price target on Intel from $45.00 to $46.00 and gave the stock a “positive” rating in a research note on Tuesday, October 10th. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 price target for the company in a research note on Wednesday, October 11th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Intel in a research report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. Intel presently has an average rating of “Buy” and a consensus target price of $49.10.

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About Intel

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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