Mengis Capital Management Inc. Purchases 1,452 Shares of Intel Co. (NASDAQ:INTC)

Mengis Capital Management Inc. increased its position in Intel Co. (NASDAQ:INTC) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,429 shares of the chip maker’s stock after buying an additional 1,452 shares during the period. Intel accounts for 2.0% of Mengis Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Mengis Capital Management Inc.’s holdings in Intel were worth $6,617,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in INTC. Bath Savings Trust Co grew its position in shares of Intel by 1.9% during the second quarter. Bath Savings Trust Co now owns 25,314 shares of the chip maker’s stock worth $1,212,000 after acquiring an additional 468 shares during the last quarter. First Financial Bank Trust Division grew its position in shares of Intel by 1.9% during the second quarter. First Financial Bank Trust Division now owns 209,135 shares of the chip maker’s stock worth $10,011,000 after acquiring an additional 3,950 shares during the last quarter. Thomasville National Bank grew its position in shares of Intel by 9.5% during the second quarter. Thomasville National Bank now owns 192,370 shares of the chip maker’s stock worth $9,209,000 after acquiring an additional 16,627 shares during the last quarter. Park National Corp OH grew its position in shares of Intel by 1.4% during the second quarter. Park National Corp OH now owns 867,851 shares of the chip maker’s stock worth $41,544,000 after acquiring an additional 11,755 shares during the last quarter. Finally, Vickerman & Driscoll Financial Advisors Inc. grew its position in shares of Intel by 3.7% during the second quarter. Vickerman & Driscoll Financial Advisors Inc. now owns 35,854 shares of the chip maker’s stock worth $1,716,000 after acquiring an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

NASDAQ INTC traded up $0.08 on Monday, reaching $58.35. The company’s stock had a trading volume of 10,866,473 shares, compared to its average volume of 22,542,016. Intel Co. has a twelve month low of $42.86 and a twelve month high of $59.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 1.20. The stock has a market cap of $250.34 billion, a PE ratio of 12.74, a PEG ratio of 1.66 and a beta of 0.93. The firm’s 50 day moving average is $52.89 and its two-hundred day moving average is $49.43.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company had revenue of $19.19 billion during the quarter, compared to the consensus estimate of $18.07 billion. During the same period in the prior year, the company earned $1.40 EPS. Intel’s revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post 4.61 EPS for the current fiscal year.

Intel announced that its board has approved a share repurchase plan on Thursday, October 24th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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

In other Intel news, EVP Navin Shenoy sold 8,551 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $52.06, for a total value of $445,165.06. Following the completion of the sale, the executive vice president now directly owns 70,276 shares of the company’s stock, valued at approximately $3,658,568.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank D. Yeary sold 2,509 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $46.86, for a total transaction of $117,571.74. The disclosure for this sale can be found here. Insiders sold a total of 17,482 shares of company stock valued at $911,044 over the last three months. 0.02% of the stock is owned by corporate insiders.

INTC has been the subject of several recent research reports. Wells Fargo & Co upped their price target on shares of Intel from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Cowen upped their price target on shares of Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on shares of Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Benchmark initiated coverage on shares of Intel in a research report on Tuesday, July 23rd. They set a “hold” rating for the company. Finally, ValuEngine lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $55.81.

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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