Cadinha & Co. LLC Has $6.83 Million Position in Intel Co. (INTC)

Cadinha & Co. LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 95.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 147,945 shares of the chip maker’s stock after purchasing an additional 72,400 shares during the quarter. Cadinha & Co. LLC’s holdings in Intel were worth $6,829,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel in the 3rd quarter worth about $119,000. Acrospire Investment Management LLC boosted its holdings in shares of Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Intel in the 3rd quarter worth about $158,000. Finally, Family Capital Trust Co boosted its holdings in shares of Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors own 69.16% of the company’s stock.

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In other news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 74,456 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,914 shares of company stock valued at $6,011,490. Company insiders own 0.08% of the company’s stock.

A number of research firms have recently issued reports on INTC. Tigress Financial upgraded Intel from a “neutral” rating to a “buy” rating and set a $50.34 price objective for the company in a report on Thursday. UBS began coverage on Intel in a report on Thursday. They issued a “buy” rating and a $70.00 price objective for the company. Stifel Nicolaus cut Intel from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Wednesday. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $54.41 price objective for the company. in a report on Friday, March 30th. Finally, Zacks Investment Research cut Intel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 28th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.79.

NASDAQ INTC opened at $48.79 on Friday. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The company has a market capitalization of $235,173.84, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $16.34 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio (DPR) is currently 34.68%.

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Intel 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).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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