Stellar Capital Management LLC acquired a new position in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 129,992 shares of the chip maker’s stock, valued at approximately $4,715,000. Intel comprises approximately 3.9% of Stellar Capital Management LLC’s investment portfolio, making the stock its 2nd largest position.

Several other large investors have also modified their holdings of INTC. Sfmg LLC increased its stake in shares of Intel by 0.6% in the third quarter. Sfmg LLC now owns 6,354 shares of the chip maker’s stock worth $240,000 after buying an additional 35 shares during the period. Norris Perne & French LLP MI increased its stake in shares of Intel by 0.7% in the third quarter. Norris Perne & French LLP MI now owns 7,106 shares of the chip maker’s stock worth $268,000 after buying an additional 46 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Intel by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock worth $593,000 after buying an additional 50 shares during the period. D. Scott Neal Inc. increased its stake in shares of Intel by 1.3% in the third quarter. D. Scott Neal Inc. now owns 5,035 shares of the chip maker’s stock worth $190,000 after buying an additional 66 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in shares of Intel by 0.5% in the third quarter. Sheets Smith Wealth Management now owns 17,445 shares of the chip maker’s stock worth $659,000 after buying an additional 93 shares during the period. Institutional investors 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. Intel Co. has a 52-week low of $29.50 and a 52-week high of $38.45. The company has a market capitalization of $167.51 billion, a PE ratio of 16.71 and a beta of 1.03. The firm’s 50-day moving average price is $36.08 and its 200 day moving average price is $36.14.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. Intel had a net margin of 17.37% and a return on equity of 20.95%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. On average, equities analysts forecast that Intel Co. will post $2.80 earnings per share for the current year.

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

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A number of equities research analysts have weighed in on the company. B. Riley restated a “buy” rating and set a $44.00 price target on shares of Intel in a research report on Friday, January 27th. Sanford C. Bernstein set a $36.00 price target on Intel and gave the company a “hold” rating in a research report on Saturday, January 28th. BNP Paribas set a $39.00 price target on Intel and gave the company a “hold” rating in a research report on Saturday, January 28th. Pacific Crest restated an “overweight” rating and set a $43.00 price target on shares of Intel in a research report on Friday, February 10th. Finally, Needham & Company LLC restated a “buy” rating on shares of Intel in a research report on Friday, February 10th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.99.

In other news, CEO Brian M. Krzanich sold 72,172 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the sale, the chief executive officer now directly owns 549,091 shares in the company, valued at approximately $19,333,494.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 79,051 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total transaction of $2,884,570.99. Following the sale, the chief executive officer now owns 394,406 shares in the company, valued at $14,391,874.94. The disclosure for this sale can be found here. Insiders have sold a total of 273,023 shares of company stock worth $9,898,612 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

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.

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