Cutler Investment Counsel LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 179,840 shares of the chip maker’s stock after purchasing an additional 889 shares during the period. Intel comprises approximately 1.8% of Cutler Investment Counsel LLC’s portfolio, making the stock its 20th largest position. Cutler Investment Counsel LLC’s holdings in Intel were worth $9,312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTC. Public Employees Retirement Association of Colorado boosted its position in Intel by 4.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 824,718 shares of the chip maker’s stock valued at $44,634,000 after buying an additional 32,604 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Intel by 9.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 4,090,372 shares of the chip maker’s stock valued at $221,371,000 after buying an additional 361,025 shares during the period. Morgan Stanley boosted its position in Intel by 3.8% in the 1st quarter. Morgan Stanley now owns 30,413,363 shares of the chip maker’s stock valued at $1,645,971,000 after buying an additional 1,108,810 shares during the period. Tower Research Capital LLC TRC boosted its position in Intel by 802.2% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,604 shares of the chip maker’s stock valued at $357,000 after buying an additional 5,872 shares during the period. Finally, BDO Wealth Advisors LLC boosted its position in Intel by 12.0% in the 1st quarter. BDO Wealth Advisors LLC now owns 49,292 shares of the chip maker’s stock valued at $2,668,000 after buying an additional 5,275 shares during the period. Hedge funds and other institutional investors own 64.41% of the company’s stock.

In related news, VP Kevin Thomas Mcbride sold 4,400 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $49.28, for a total transaction of $216,832.00. Following the sale, the vice president now owns 14,214 shares of the company’s stock, valued at $700,465.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Holmes Swan acquired 8,021 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average cost of $50.00 per share, for a total transaction of $401,050.00. Following the acquisition, the chief executive officer now owns 293,594 shares of the company’s stock, valued at approximately $14,679,700. The disclosure for this purchase can be found here. In the last three months, insiders have sold 7,491 shares of company stock worth $365,878. 0.04% of the stock is owned by insiders.

INTC has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $75.00 price objective on shares of Intel in a research report on Thursday, September 10th. Exane BNP Paribas cut shares of Intel from an “outperform” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Friday, July 24th. ValuEngine raised shares of Intel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 10th. BNP Paribas cut shares of Intel from an “outperform” rating to an “underperform” rating in a research report on Friday, July 24th. Finally, BofA Securities cut shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, July 24th. Twelve research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.24.

Shares of Intel stock traded up $0.31 on Friday, reaching $54.16. 23,421,388 shares of the stock were exchanged, compared to its average volume of 29,674,551. Intel Co. has a 1-year low of $43.63 and a 1-year high of $69.29. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $55.53. The firm has a market capitalization of $230.34 billion, a PE ratio of 9.97, a PEG ratio of 1.48 and a beta of 0.72.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.12. The business had revenue of $19.73 billion for the quarter, compared to analyst estimates of $18.54 billion. Intel had a net margin of 29.97% and a return on equity of 31.55%. During the same period in the previous year, the business posted $1.06 earnings per share. Research analysts expect that Intel Co. will post 4.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Saturday, November 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, November 6th. Intel’s dividend payout ratio is currently 27.10%.

Intel Company Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, 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 comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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