Staley Capital Advisers Inc. grew its position in shares of Intel Co. (NASDAQ:INTC) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 586,180 shares of the chip maker’s stock after purchasing an additional 2,764 shares during the quarter. Intel comprises approximately 1.8% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 23rd largest position. Staley Capital Advisers Inc.’s holdings in Intel were worth $22,322,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. acquired a new stake in shares of Intel during the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC grew its position in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares during the period. Burt Wealth Advisors grew its position in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares during the period. Finally, Family Capital Trust Co grew its position in shares of Intel by 350.0% during the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of Intel stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total transaction of $66,959.16. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $68,474.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navin Shenoy sold 1,311 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $47.12, for a total value of $61,774.32. Following the completion of the sale, the executive vice president now owns 20,427 shares in the company, valued at $962,520.24. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 over the last quarter. Company insiders own 0.08% of the company’s stock.
Several analysts have recently commented on the stock. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price objective for the company. in a research report on Tuesday. Macquarie set a $55.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Wells Fargo & Co set a $55.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Monday, February 5th. Citigroup started coverage on shares of Intel in a research report on Tuesday, January 30th. They issued a “buy” rating and a $58.00 price target for the company. Finally, UBS Group set a $51.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.33.
Shares of Intel Co. (INTC) opened at $44.46 on Wednesday. The company has a market capitalization of $208,070.00, a price-to-earnings ratio of 22.45, a PEG ratio of 1.52 and a beta of 1.07. Intel Co. has a 52 week low of $33.23 and a 52 week high of $50.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. research analysts predict that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s payout ratio is presently 60.61%.
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Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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