Wilbanks Smith & Thomas Asset Management LLC Has $3.77 Million Stake in Intel Co. (NASDAQ:INTC)

Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 57.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,110 shares of the chip maker’s stock after buying an additional 26,752 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Intel were worth $3,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTC. Strategic Asset Management LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $28,000. Tower View Investment Management & Research LLC lifted its position in shares of Intel by 200.0% in the third quarter. Tower View Investment Management & Research LLC now owns 600 shares of the chip maker’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Intel by 64.0% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock worth $34,000 after purchasing an additional 256 shares during the last quarter. Fortis Advisors LLC acquired a new stake in Intel during the 3rd quarter worth approximately $45,000. Finally, Level Financial Advisors Inc. acquired a new stake in Intel during the 4th quarter worth approximately $45,000. 61.73% of the stock is owned by institutional investors.

INTC traded down $3.25 during midday trading on Friday, hitting $43.59. 70,726,586 shares of the company were exchanged, compared to its average volume of 28,566,700. The firm has a market capitalization of $178.22 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.74 and a beta of 0.55. Intel Co. has a 1-year low of $43.50 and a 1-year high of $58.43. The firm’s 50 day moving average price is $47.45 and its 200-day moving average price is $49.65. The company has a quick ratio of 1.71, a current ratio of 2.10 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTCGet Rating) last announced its earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.08. The firm had revenue of $18.40 billion for the quarter, compared to the consensus estimate of $18.32 billion. Intel had a return on equity of 25.52% and a net margin of 25.14%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 EPS. On average, sell-side analysts predict that Intel Co. will post 3.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 5th. Intel’s dividend payout ratio is 24.25%.

Several research firms recently weighed in on INTC. UBS Group set a $53.00 price target on Intel in a report on Monday, February 21st. Mizuho dropped their price target on Intel from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, January 27th. Credit Suisse Group set a $60.00 price target on Intel in a report on Friday. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $55.00 to $47.00 in a report on Thursday, March 3rd. Finally, DZ Bank lowered Intel from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research note on Thursday, February 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.25.

In other news, CEO Patrick P. Gelsinger bought 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average cost of $44.27 per share, with a total value of $247,912.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Ralph Rodgers sold 3,863 shares of the business’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $48.81, for a total value of $188,553.03. The disclosure for this sale can be found here. 0.02% of the stock is owned by insiders.

Intel Company Profile (Get Rating)

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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