Northside Capital Management LLC Raises Stake in Intel Co. (NASDAQ:INTC)

Northside Capital Management LLC raised its position in Intel Co. (NASDAQ:INTC) by 14.3% in the third quarter, Holdings Channel reports. The fund owned 19,009 shares of the chip maker’s stock after buying an additional 2,379 shares during the period. Northside Capital Management LLC’s holdings in Intel were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of INTC. Nuveen Asset Management LLC lifted its position in shares of Intel by 1,899.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 25,170,134 shares of the chip maker’s stock worth $1,204,894,000 after buying an additional 23,911,014 shares during the last quarter. Davis Selected Advisers lifted its position in shares of Intel by 806.0% during the 2nd quarter. Davis Selected Advisers now owns 7,473,706 shares of the chip maker’s stock worth $357,766,000 after buying an additional 6,648,828 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Intel by 214.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 9,620,463 shares of the chip maker’s stock worth $460,532,000 after buying an additional 6,564,340 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Intel by 4,885.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,548,597 shares of the chip maker’s stock worth $254,860,000 after buying an additional 2,497,476 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Intel by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after buying an additional 2,219,241 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.

Several analysts have recently weighed in on the stock. Bank of America reduced their price objective on shares of Intel from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Robert W. Baird set a $65.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Wednesday, September 4th. Northland Securities upgraded shares of Intel from an “under perform” rating to a “market perform” rating and set a $48.00 price target for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price target on shares of Intel in a research report on Friday, July 26th. Finally, Nomura set a $65.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Friday, August 23rd. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.79.



Shares of NASDAQ:INTC traded up $1.43 on Friday, reaching $52.54. 11,640,282 shares of the company were exchanged, compared to its average volume of 18,505,604. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.33. Intel Co. has a 1-year low of $42.36 and a 1-year high of $59.59. The firm has a market cap of $220.28 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a 50-day moving average of $49.72 and a 200-day moving average of $49.56.

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

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

In other Intel news, Chairman Andy D. Bryant sold 13,609 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $51.37, for a total value of $699,094.33. Following the transaction, the chairman now directly owns 450,591 shares in the company, valued at approximately $23,146,859.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $51.76, for a total transaction of $31,107.76. Following the completion of the transaction, the executive vice president now owns 53,063 shares in the company, valued at $2,746,540.88. The disclosure for this sale can be found here. Insiders sold a total of 41,541 shares of company stock worth $2,135,306 over the last quarter. Insiders own 0.02% of the company’s stock.

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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