Cutler Investment Counsel LLC Raises Position in Intel Co. (NASDAQ:INTC)

Cutler Investment Counsel LLC increased its stake in shares of Intel Co. (NASDAQ:INTCGet Rating) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 251,175 shares of the chip maker’s stock after buying an additional 7,167 shares during the period. Intel accounts for approximately 1.7% of Cutler Investment Counsel LLC’s holdings, making the stock its 20th biggest position. Cutler Investment Counsel LLC’s holdings in Intel were worth $12,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Capital One Financial Corp raised its holdings in shares of Intel by 1.3% in the 4th quarter. Capital One Financial Corp now owns 15,773 shares of the chip maker’s stock worth $812,000 after purchasing an additional 204 shares during the period. Baldwin Brothers LLC MA raised its holdings in shares of Intel by 1.8% during the 1st quarter. Baldwin Brothers LLC MA now owns 12,353 shares of the chip maker’s stock valued at $612,000 after buying an additional 215 shares during the period. Kiley Juergens Wealth Management LLC raised its holdings in shares of Intel by 0.6% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 33,917 shares of the chip maker’s stock valued at $1,681,000 after buying an additional 216 shares during the period. GYL Financial Synergies LLC raised its holdings in shares of Intel by 1.0% during the 4th quarter. GYL Financial Synergies LLC now owns 22,566 shares of the chip maker’s stock valued at $1,162,000 after buying an additional 217 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its holdings in shares of Intel by 2.7% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,306 shares of the chip maker’s stock valued at $412,000 after buying an additional 217 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

INTC stock traded down $0.86 during trading on Wednesday, reaching $35.33. 685,731 shares of the company’s stock were exchanged, compared to its average volume of 47,205,512. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 0.32. Intel Co. has a 1-year low of $34.40 and a 1-year high of $56.28. The company’s fifty day moving average price is $37.65 and its 200-day moving average price is $43.36. The firm has a market cap of $145.06 billion, a PE ratio of 7.61, a P/E/G ratio of 2.14 and a beta of 0.62.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The chip maker reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.41). Intel had a return on equity of 16.65% and a net margin of 26.03%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s revenue was down 17.3% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post 2.26 EPS for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Sunday, August 7th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Friday, August 5th. Intel’s dividend payout ratio is presently 31.26%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup dropped their target price on Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, June 6th. Susquehanna dropped their price objective on Intel from $42.00 to $40.00 in a report on Tuesday, July 19th. Morgan Stanley dropped their price objective on Intel from $46.00 to $36.00 and set an “underweight” rating on the stock in a report on Friday, July 29th. Wedbush dropped their price objective on Intel from $44.00 to $35.00 in a report on Friday, July 29th. Finally, DZ Bank downgraded Intel from a “hold” rating to a “sell” rating and set a $30.00 price objective on the stock. in a report on Tuesday, August 2nd. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.83.

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.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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