Mathes Company Inc. Raises Position in Intel Co. (NASDAQ:INTC)

Mathes Company Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,927 shares of the chip maker’s stock after acquiring an additional 1,000 shares during the period. Mathes Company Inc.’s holdings in Intel were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in 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 purchasing an additional 2,219,241 shares during the period. BlackRock Inc. increased its position in shares of Intel by 0.3% in the second quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after acquiring an additional 961,771 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 worth $1,450,387,000 after acquiring an additional 1,952,840 shares in the last quarter. Morgan Stanley increased its position in shares of Intel by 8.2% in the second quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock worth $1,318,484,000 after acquiring an additional 2,081,749 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Intel by 3.0% in the second quarter. Fisher Asset Management LLC now owns 26,557,167 shares of the chip maker’s stock worth $1,271,292,000 after acquiring an additional 785,668 shares in the last quarter. 65.94% of the stock is currently owned by hedge funds and other institutional investors.

Intel stock traded up $0.50 during trading hours on Monday, reaching $51.86. 6,384,242 shares of the company’s stock traded hands, compared to its average volume of 18,407,872. 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 Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The firm has a market capitalization of $229.74 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.58 and a beta of 0.91. The firm’s 50 day moving average is $50.72 and its 200-day moving average is $49.51.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 25th. The chip maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Intel had a net margin of 28.05% and a return on equity of 28.84%. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $15.70 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. Analysts predict that Intel Co. will post 4.38 EPS for the current year.

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

In other Intel news, Director Frank D. Yeary sold 2,509 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.18, for a total transaction of $128,410.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Reed E. Hundt sold 10,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $52.45, for a total transaction of $524,500.00. Following the transaction, the director now owns 44,400 shares in the company, valued at $2,328,780. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,541 shares of company stock worth $2,135,306. Corporate insiders own 0.02% of the company’s stock.

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a “sell” rating and issued a $39.00 target price on shares of Intel in a research report on Friday, July 26th. BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Goldman Sachs Group restated a “sell” rating and issued a $47.00 target price on shares of Intel in a research note on Friday, July 26th. Cascend Securities restated a “buy” rating and issued a $65.00 target price (up previously from $55.00) on shares of Intel in a research note on Friday, July 26th. Finally, Nomura set a $65.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Friday, August 23rd. 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 company. Intel currently has an average rating of “Hold” and a consensus target price of $53.79.

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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