Intel Co. (NASDAQ:INTC) Stock Position Increased by Donaldson Capital Management LLC

Donaldson Capital Management LLC lifted its position in Intel Co. (NASDAQ:INTCGet Rating) by 15.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,046 shares of the chip maker’s stock after buying an additional 3,073 shares during the period. Donaldson Capital Management LLC’s holdings in Intel were worth $1,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Landmark Wealth Management LLC acquired a new stake in shares of Intel during the first quarter worth $31,000. Joseph Group Capital Management acquired a new stake in shares of Intel during the fourth quarter worth $887,000. Lansing Street Advisors acquired a new stake in shares of Intel during the first quarter worth $28,000. Lloyd Advisory Services LLC. raised its position in shares of Intel by 2,835.0% during the first quarter. Lloyd Advisory Services LLC. now owns 587 shares of the chip maker’s stock worth $29,000 after purchasing an additional 567 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in shares of Intel during the first quarter worth $38,000. Institutional investors own 61.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTC shares. The Goldman Sachs Group set a $30.00 target price on Intel in a research report on Friday, July 29th. downgraded Intel from a “buy” rating to a “hold” rating in a report on Monday, August 1st. DZ Bank downgraded Intel from a “hold” rating to a “sell” rating and set a $30.00 price target on the stock. in a report on Tuesday, August 2nd. Susquehanna Bancshares downgraded Intel to a “negative” rating and lowered their price target for the company from $40.00 to $33.00 in a report on Friday, July 29th. Finally, Morgan Stanley lowered their price target on Intel from $46.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, July 29th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to, the stock presently has an average rating of “Hold” and an average price target of $42.96.

Intel Stock Up 0.3 %

NASDAQ INTC opened at $30.75 on Friday. The firm has a market cap of $126.26 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.80 and a beta of 0.65. Intel Co. has a one year low of $29.91 and a one year high of $56.28. The stock’s 50 day simple moving average is $35.89 and its 200 day simple moving average is $41.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.41.

Intel (NASDAQ:INTCGet Rating) last released its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). The business had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $17.93 billion. Intel had a return on equity of 16.65% and a net margin of 26.03%. The firm’s revenue was down 17.3% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. As a group, sell-side analysts forecast that Intel Co. will post 2.27 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Sunday, August 7th were given a $0.365 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.46 dividend on an annualized basis and a yield of 4.75%. Intel’s payout ratio is 31.26%.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger acquired 14,800 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were purchased at an average cost of $33.86 per share, for a total transaction of $501,128.00. Following the transaction, the chief executive officer now owns 77,216 shares of the company’s stock, valued at $2,614,533.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.02% of the company’s stock.

Intel Company Profile

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Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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