Donaldson Capital Management LLC Boosts Position in Intel Corporation (INTC)

Donaldson Capital Management LLC increased its position in shares of Intel Corporation (NASDAQ:INTC) by 7.2% during the third quarter, Holdings Channel reports. The fund owned 27,668 shares of the chip maker’s stock after buying an additional 1,855 shares during the period. Donaldson Capital Management LLC’s holdings in Intel Corporation were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Destination Wealth Management increased its position in Intel Corporation by 21.2% in the second quarter. Destination Wealth Management now owns 22,469 shares of the chip maker’s stock worth $737,000 after buying an additional 3,933 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Intel Corporation by 607.3% in the second quarter. JFS Wealth Advisors LLC now owns 12,803 shares of the chip maker’s stock worth $420,000 after buying an additional 10,993 shares during the last quarter. Financial Architects Inc increased its position in Intel Corporation by 34.3% in the second quarter. Financial Architects Inc now owns 54,450 shares of the chip maker’s stock worth $1,786,000 after buying an additional 13,903 shares during the last quarter. Shell Asset Management Co. increased its position in Intel Corporation by 9.1% in the second quarter. Shell Asset Management Co. now owns 1,114,222 shares of the chip maker’s stock worth $36,546,000 after buying an additional 93,104 shares during the last quarter. Finally, Excalibur Management Corp increased its position in Intel Corporation by 1.6% in the second quarter. Excalibur Management Corp now owns 32,563 shares of the chip maker’s stock worth $1,068,000 after buying an additional 500 shares during the last quarter. Institutional investors own 66.17% of the company’s stock.

Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

Shares of Intel Corporation (NASDAQ:INTC) opened at 35.34 on Friday. The stock has a market capitalization of $167.33 billion, a PE ratio of 16.67 and a beta of 1.03. Intel Corporation has a one year low of $28.36 and a one year high of $38.45. The stock’s 50 day moving average price is $36.72 and its 200 day moving average price is $35.97.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to analyst estimates of $15.75 billion. Intel Corporation had a return on equity of 20.95% and a net margin of 17.37%. Intel Corporation’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Equities research analysts predict that Intel Corporation will post $2.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, February 3rd. Intel Corporation’s dividend payout ratio (DPR) is 49.29%.

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A number of research analysts recently issued reports on the stock. Sanford C. Bernstein set a $36.00 target price on shares of Intel Corporation and gave the company a “hold” rating in a research report on Saturday, January 28th. BNP Paribas set a $39.00 price objective on shares of Intel Corporation and gave the stock a “hold” rating in a report on Saturday, January 28th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Intel Corporation in a report on Monday, January 30th. SunTrust Banks, Inc. restated a “hold” rating on shares of Intel Corporation in a report on Monday, January 30th. Finally, Susquehanna Bancshares Inc restated a “positive” rating on shares of Intel Corporation in a report on Monday, January 30th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.23.

In related news, Director James D. Plummer sold 10,778 shares of the firm’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $37.45, for a total transaction of $403,636.10. Following the sale, the director now directly owns 21,968 shares of the company’s stock, valued at $822,701.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diane M. Bryant sold 11,607 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $34.74, for a total value of $403,227.18. Following the sale, the executive vice president now directly owns 112,006 shares in the company, valued at $3,891,088.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,637 shares of company stock worth $5,732,128. 0.09% of the stock is owned by corporate insiders.

Intel Corporation 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

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