Eliot Finkel Investment Counsel LLC Has $5.65 Million Stake in Intel Corporation (INTC)

Eliot Finkel Investment Counsel LLC trimmed its stake in Intel Corporation (NASDAQ:INTC) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 156,755 shares of the chip maker’s stock after selling 2,460 shares during the period. Intel Corporation comprises 4.3% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 6th biggest holding. Eliot Finkel Investment Counsel LLC’s holdings in Intel Corporation were worth $5,654,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in INTC. Fisher Asset Management LLC grew its holdings in shares of Intel Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 20,167,657 shares of the chip maker’s stock valued at $727,447,000 after purchasing an additional 207,118 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Intel Corporation by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock valued at $327,403,000 after purchasing an additional 68,534 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Intel Corporation by 11.9% in the first quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock valued at $300,238,000 after purchasing an additional 882,905 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Intel Corporation by 654.3% in the first quarter. DnB Asset Management AS now owns 5,433,478 shares of the chip maker’s stock valued at $195,986,000 after purchasing an additional 4,713,168 shares in the last quarter. Finally, Thomaspartners Inc. grew its holdings in shares of Intel Corporation by 8.3% in the first quarter. Thomaspartners Inc. now owns 5,396,337 shares of the chip maker’s stock valued at $194,646,000 after purchasing an additional 415,504 shares in the last quarter. 67.03% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on INTC shares. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, June 22nd. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Intel Corporation in a report on Wednesday, July 12th. Hilliard Lyons assumed coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They issued a “buy” rating and a $41.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and set a $38.00 price target on shares of Intel Corporation in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $39.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Intel Corporation has an average rating of “Hold” and an average price target of $40.57.

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Intel Corporation (INTC) opened at 37.18 on Friday. Intel Corporation has a 12-month low of $33.23 and a 12-month high of $38.45. The stock has a market cap of $174.71 billion, a price-to-earnings ratio of 14.19 and a beta of 1.02. The company has a 50-day moving average of $35.74 and a 200 day moving average of $35.53.

Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. Equities analysts anticipate that Intel Corporation will post $3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.93%. Intel Corporation’s dividend payout ratio (DPR) is currently 41.76%.

In related news, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $55,910.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total value of $2,431,508.37. Following the completion of the sale, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,921 shares of company stock valued at $3,130,162. Corporate insiders own 0.08% of the company’s stock.

Intel Corporation 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 Corporation (NASDAQ:INTC)

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