Kanawha Capital Management LLC Raises Holdings in Intel Co. (INTC)

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Kanawha Capital Management LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 317,287 shares of the chip maker’s stock after acquiring an additional 912 shares during the period. Intel makes up 2.3% of Kanawha Capital Management LLC’s holdings, making the stock its 6th largest position. Kanawha Capital Management LLC’s holdings in Intel were worth $14,890,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of INTC. Tortoise Investment Management LLC grew its holdings in shares of Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after buying an additional 580 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in shares of Intel in the 4th quarter valued at $84,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after buying an additional 2,000 shares during the period. Fusion Family Wealth LLC grew its holdings in shares of Intel by 118.2% in the 4th quarter. Fusion Family Wealth LLC now owns 2,575 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,395 shares during the period. Finally, Highwater Wealth Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $125,000. Institutional investors own 64.69% of the company’s stock.

Intel stock opened at $56.71 on Wednesday. Intel Co. has a one year low of $42.36 and a one year high of $57.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The stock has a market cap of $263.30 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company had revenue of $18.66 billion during the quarter, compared to the consensus estimate of $19.02 billion. During the same period in the prior year, the business posted $1.08 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Intel Co. will post 4.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.22%. Intel’s dividend payout ratio is 27.51%.

Several brokerages have recently issued reports on INTC. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 30th. Sanford C. Bernstein reissued a “sell” rating and issued a $42.00 price target on shares of Intel in a report on Wednesday, April 3rd. Goldman Sachs Group reissued a “sell” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, March 27th. Finally, Wells Fargo & Co lowered shares of Intel from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $55.00 to $60.00 in a report on Friday, April 5th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.10.

In other news, VP Kevin Thomas Mcbride sold 518 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the sale, the vice president now directly owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the completion of the sale, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,431 shares of company stock valued at $3,500,497. Company insiders own 0.03% of the company’s stock.

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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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