Wilkins Investment Counsel Inc. increased its stake in Intel Co. (NASDAQ:INTC) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 298,717 shares of the chip maker’s stock after buying an additional 9,740 shares during the period. Intel comprises about 3.5% of Wilkins Investment Counsel Inc.’s portfolio, making the stock its 5th largest position. Wilkins Investment Counsel Inc.’s holdings in Intel were worth $10,834,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INTC. Independent Portfolio Consultants Inc. boosted its position in shares of 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 last quarter. Franklin Street Advisors Inc. NC boosted its position in shares of 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 last quarter. Private Asset Management Inc. boosted its position in shares of 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 last quarter. McQueen Ball & Associates Inc. boosted its position in shares of 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 last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its position in shares of 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 last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Shares of Intel Co. (NASDAQ:INTC) opened at 35.43 on Tuesday. The company has a 50 day moving average of $36.08 and a 200 day moving average of $36.14. The stock has a market capitalization of $167.51 billion, a price-to-earnings ratio of 16.71 and a beta of 1.03. Intel Co. has a 52-week low of $29.50 and a 52-week high of $38.45.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Intel had a return on equity of 20.95% and a net margin of 17.37%. The firm had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. During the same period last year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts predict that Intel Co. will post $2.80 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, February 3rd. Intel’s payout ratio is 49.29%.

Your IP Address:

A number of brokerages have recently commented on INTC. Sanford C. Bernstein set a $36.00 target price on shares of Intel and gave the company a “hold” rating in a report on Saturday, January 28th. BNP Paribas set a $39.00 target price on shares of Intel and gave the company a “hold” rating in a report on Saturday, January 28th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Intel in a report on Monday, January 30th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Intel in a report on Monday, January 30th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating on shares of Intel in a report on Monday, January 30th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.99.

In other Intel news, EVP Diane M. Bryant sold 55,821 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $36.34, for a total value of $2,028,535.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian M. Krzanich sold 72,172 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $35.21, for a total value of $2,541,176.12. Following the completion of the sale, the chief executive officer now owns 549,091 shares in the company, valued at $19,333,494.11. The disclosure for this sale can be found here. Insiders sold 273,023 shares of company stock worth $9,898,612 over the last quarter. 0.09% of the stock is currently owned by company insiders.

Intel Company Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Receive News & Ratings for Intel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.