Heritage Way Advisors LLC raised its position in Intel Co. (NASDAQ:INTC) by 92.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,832 shares of the chip maker’s stock after purchasing an additional 55,282 shares during the quarter. Intel accounts for approximately 2.0% of Heritage Way Advisors LLC’s portfolio, making the stock its 9th largest holding. Heritage Way Advisors LLC’s holdings in Intel were worth $5,301,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Beach Investment Management LLC. purchased a new position in shares of Intel in the 2nd quarter worth about $371,000. Welch Group LLC raised its holdings in shares of Intel by 9.5% in the 2nd quarter. Welch Group LLC now owns 495,782 shares of the chip maker’s stock worth $16,728,000 after purchasing an additional 42,912 shares during the period. Lincoln National Corp raised its holdings in shares of Intel by 10.7% in the 2nd quarter. Lincoln National Corp now owns 25,118 shares of the chip maker’s stock worth $847,000 after purchasing an additional 2,436 shares during the period. Strategy Asset Managers LLC raised its holdings in shares of Intel by 63.6% in the 2nd quarter. Strategy Asset Managers LLC now owns 11,586 shares of the chip maker’s stock worth $391,000 after purchasing an additional 4,506 shares during the period. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of Intel by 10.3% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 61,011 shares of the chip maker’s stock worth $2,059,000 after purchasing an additional 5,717 shares during the period. Institutional investors own 69.13% of the company’s stock.

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In related news, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 in the last 90 days. Insiders own 0.08% of the company’s stock.

INTC has been the topic of several analyst reports. Instinet raised their target price on Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Maxim Group raised their target price on Intel to $50.00 and gave the company a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Goldman Sachs set a $43.00 target price on Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. Mizuho reiterated a “buy” rating and set a $47.00 target price on shares of Intel in a report on Tuesday, December 26th. Finally, BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.17.

Intel Co. (INTC) opened at $50.83 on Friday. Intel Co. has a 12-month low of $33.23 and a 12-month high of $53.78. The stock has a market capitalization of $240,682.09, a P/E ratio of 14.86, a P/E/G ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $16.34 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. Intel’s dividend payout ratio is currently 60.61%.

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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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