Greatmark Investment Partners Inc. boosted its stake in Intel Co. (NASDAQ:INTC) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 254,364 shares of the chip maker’s stock after buying an additional 2,322 shares during the quarter. Intel comprises about 4.3% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 4th largest holding. Greatmark Investment Partners Inc.’s holdings in Intel were worth $11,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC raised its holdings in shares of Intel by 6.2% in the fourth quarter. Chartwell Investment Partners LLC now owns 399,628 shares of the chip maker’s stock valued at $18,754,000 after buying an additional 23,256 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Intel by 1.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 126,555 shares of the chip maker’s stock valued at $5,939,000 after buying an additional 2,247 shares during the last quarter. BerganKDV Wealth Management LLC raised its holdings in shares of Intel by 5.6% in the fourth quarter. BerganKDV Wealth Management LLC now owns 34,453 shares of the chip maker’s stock valued at $1,617,000 after buying an additional 1,822 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Intel by 2.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,349,059 shares of the chip maker’s stock valued at $63,311,000 after buying an additional 32,672 shares during the last quarter. Finally, Sadoff Investment Management LLC raised its holdings in shares of Intel by 21.4% in the fourth quarter. Sadoff Investment Management LLC now owns 12,495 shares of the chip maker’s stock valued at $586,000 after buying an additional 2,200 shares during the last quarter. 64.80% of the stock is owned by hedge funds and other institutional investors.

INTC has been the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a report on Monday, January 28th. Credit Suisse Group reiterated a “buy” rating and set a $58.00 price target on shares of Intel in a research note on Monday, January 28th. UBS Group reiterated a “buy” rating and set a $58.00 price target on shares of Intel in a research note on Friday, January 25th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $64.00 price target on shares of Intel in a research note on Friday, January 25th. Finally, BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average price target of $54.23.

In other Intel news, EVP Navin Shenoy sold 1,254 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. Insiders have sold 99,802 shares of company stock worth $5,317,254 over the last 90 days. 0.02% of the stock is currently owned by company insiders.

Shares of INTC opened at $44.46 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The stock has a market cap of $210.01 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.40 and a beta of 0.75.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post 4.26 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.83%. Intel’s payout ratio is currently 27.51%.

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Intel Profile

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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