Wealth Architects LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Wealth Architects LLC boosted its position in Intel Co. (NASDAQ:INTC) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,391 shares of the chip maker’s stock after purchasing an additional 2,796 shares during the quarter. Intel comprises approximately 0.4% of Wealth Architects LLC’s investment portfolio, making the stock its 28th largest position. Wealth Architects LLC’s holdings in Intel were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after purchasing an additional 29 shares during the period. Paradigm Financial Advisors LLC grew its holdings in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after purchasing an additional 67 shares during the period. Bank of Stockton grew its holdings in shares of Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after purchasing an additional 72 shares during the period. Marathon Capital Management grew its holdings in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after purchasing an additional 80 shares during the period. Finally, Sonata Capital Group Inc. grew its holdings in shares of Intel by 0.9% during the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after purchasing an additional 100 shares during the period. 67.48% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price target for the company. in a report on Tuesday. Macquarie set a $55.00 target price on Intel and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Wells Fargo & Co set a $55.00 target price on Intel and gave the stock a “buy” rating in a research note on Monday, February 5th. Citigroup began coverage on Intel in a research note on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price on the stock. Finally, UBS Group set a $51.00 target price on Intel and gave the stock a “buy” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.33.

Shares of Intel Co. (INTC) traded down $0.37 during mid-day trading on Wednesday, reaching $44.46. The company had a trading volume of 19,517,100 shares, compared to its average volume of 40,737,559. The firm has a market capitalization of $209,290.00, a PE ratio of 22.74, a PEG ratio of 1.52 and a beta of 1.07. Intel Co. has a 52-week low of $33.23 and a 52-week 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.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.22. The firm 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%. Intel’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. sell-side analysts anticipate that Intel Co. will post 3.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.70%. Intel’s payout ratio is currently 60.61%.

In other news, CEO Brian M. Krzanich sold 889,878 shares of Intel 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of Intel stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $68,474.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 932,755 shares of company stock valued at $41,387,752. Insiders own 0.08% of the company’s stock.

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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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