15,014 Shares in Intel Co. (INTC) Acquired by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,014 shares of the chip maker’s stock, valued at approximately $545,000. Intel makes up approximately 0.5% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Summit Financial Wealth Advisors LLC boosted its stake in Intel by 24.1% in the third quarter. Summit Financial Wealth Advisors LLC now owns 101,041 shares of the chip maker’s stock worth $3,814,000 after buying an additional 19,612 shares during the period. McQueen Ball & Associates Inc. boosted its stake in Intel by 1.3% in the third quarter. McQueen Ball & Associates Inc. now owns 74,321 shares of the chip maker’s stock worth $2,806,000 after buying an additional 930 shares during the period. Private Asset Management Inc. boosted its stake in Intel by 0.4% in the third quarter. Private Asset Management Inc. now owns 448,140 shares of the chip maker’s stock worth $16,917,000 after buying an additional 1,914 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in Intel by 4.3% in the third quarter. Franklin Street Advisors Inc. NC now owns 32,584 shares of the chip maker’s stock worth $1,230,000 after buying an additional 1,358 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in Intel by 100.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 4,046 shares of the chip maker’s stock worth $153,000 after buying an additional 2,030 shares during the period. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Shares of Intel Co. (NASDAQ:INTC) traded up 0.39% during trading on Friday, hitting $36.32. 6,992,114 shares of the stock were exchanged. The stock’s 50 day moving average price is $35.64 and its 200 day moving average price is $35.99. Intel Co. has a one year low of $29.50 and a one year high of $38.45. The stock has a market cap of $171.72 billion, a PE ratio of 17.13 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business earned $16.40 billion during the quarter, compared to analyst estimates of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts predict that Intel Co. will post $2.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be issued a $0.2725 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. Intel’s dividend payout ratio is 49.29%.

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Several brokerages have commented on INTC. Wells Fargo & Co restated a “top pick” rating and set a $45.00 price objective on shares of Intel in a research note on Tuesday, January 3rd. Canaccord Genuity restated a “buy” rating and set a $43.00 price objective on shares of Intel in a research note on Thursday, January 19th. They noted that the move was a valuation call. Tigress Financial restated a “neutral” rating on shares of Intel in a research note on Tuesday, January 24th. Deutsche Bank AG restated a “buy” rating and set a $47.00 price objective on shares of Intel in a research note on Tuesday, January 24th. Finally, Barclays PLC restated an “overweight” rating and set a $45.00 price objective on shares of Intel in a research note on Friday, January 27th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.22.

In other news, EVP Diane M. Bryant sold 680 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $37.53, for a total value of $25,520.40. Following the completion of the sale, the executive vice president now owns 107,758 shares in the company, valued at $4,044,157.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Diane M. Bryant sold 2,766 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $37.59, for a total value of $103,973.94. Following the sale, the executive vice president now directly owns 106,566 shares of the company’s stock, valued at $4,005,815.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,475 shares of company stock valued at $5,929,732. Insiders own 0.09% of the company’s stock.

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).

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