Grimes & Company Inc. Has $13.34 Million Holdings in Intel Co. (INTC)

Grimes & Company Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350,261 shares of the chip maker’s stock after selling 5,877 shares during the quarter. Intel comprises about 1.4% of Grimes & Company Inc.’s investment portfolio, making the stock its 18th largest holding. Grimes & Company Inc.’s holdings in Intel were worth $13,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Acrospire Investment Management LLC boosted its position in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares during the last quarter. Winfield Associates Inc. boosted its position in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after purchasing an additional 265 shares during the last quarter. Burt Wealth Advisors boosted its position in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after purchasing an additional 3,471 shares during the last quarter. Finally, Family Capital Trust Co boosted its position in Intel by 350.0% during the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after purchasing an additional 3,500 shares during the last quarter. 67.48% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on INTC shares. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price objective on the stock in a research note on Tuesday, October 17th. Goldman Sachs Group restated a “hold” rating on shares of Intel in a research note on Wednesday, October 18th. Stifel Nicolaus increased their target price on Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Intel in a research note on Friday, October 27th. Finally, Bank of America upgraded Intel from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.33.

Intel Co. (INTC) traded up $0.92 during mid-day trading on Wednesday, hitting $45.38. The stock had a trading volume of 19,787,361 shares, compared to its average volume of 41,710,000. Intel Co. has a 1 year low of $33.23 and a 1 year high of $50.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The company has a market cap of $212,380.00, a price-to-earnings ratio of 22.92, a PEG ratio of 1.52 and a beta of 1.07.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s payout ratio is presently 60.61%.

In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the completion of the transaction, the chief executive officer now owns 263,382 shares in the company, valued at approximately $13,011,070.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction dated Wednesday, November 29th. The shares were 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 sold a total of 932,755 shares of company stock valued at $41,387,752 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

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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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