Intel Co. (NASDAQ:INTC) Shares Purchased by Gillespie Robinson & Grimm Inc.

Gillespie Robinson & Grimm Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 29.6% during the third quarter, HoldingsChannel reports. The fund owned 7,150 shares of the chip maker’s stock after buying an additional 1,633 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Intel were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Intel by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after acquiring an additional 2,219,241 shares during the period. BlackRock Inc. grew its holdings in Intel by 0.3% in the second quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock valued at $14,029,440,000 after purchasing an additional 961,771 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Intel by 6.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock valued at $1,450,387,000 after purchasing an additional 1,952,840 shares during the last quarter. Morgan Stanley grew its holdings in Intel by 8.2% in the second quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock valued at $1,318,484,000 after purchasing an additional 2,081,749 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Intel by 3.0% in the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock valued at $1,271,292,000 after purchasing an additional 785,668 shares during the last quarter. 65.89% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on INTC. Barclays reissued a “sell” rating and issued a $40.00 target price on shares of Intel in a report on Friday, July 26th. Royal Bank of Canada reissued an “underperform” rating and issued a $47.00 price objective (up from $41.00) on shares of Intel in a research note on Friday, July 26th. Citigroup reissued a “neutral” rating and issued a $53.00 price objective (up from $50.00) on shares of Intel in a research note on Friday, July 26th. Robert W. Baird set a $65.00 price objective on shares of Intel and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Friday, July 26th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.79.



In related news, Chairman Andy D. Bryant sold 13,609 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total value of $699,094.33. Following the sale, the chairman now directly owns 450,591 shares of the company’s stock, valued at $23,146,859.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank D. Yeary sold 2,509 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $51.18, for a total transaction of $128,410.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,541 shares of company stock worth $2,135,306. 0.02% of the stock is owned by corporate insiders.

NASDAQ INTC traded up $0.59 during mid-day trading on Thursday, reaching $51.07. 4,415,935 shares of the stock were exchanged, compared to its average volume of 18,537,982. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The business’s fifty day simple moving average is $49.63 and its 200 day simple moving average is $49.57. The stock has a market capitalization of $224.25 billion, a PE ratio of 11.15, a PEG ratio of 1.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.04 and a current ratio of 1.48.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. Intel had a return on equity of 28.84% and a net margin of 28.05%. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $15.70 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Intel Co. will post 4.38 EPS for the current year.

The firm also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.315 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is 27.51%.

About Intel

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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