Hugh Johnson Advisors LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 109.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,193 shares of the chip maker’s stock after purchasing an additional 13,673 shares during the period. Hugh Johnson Advisors LLC’s holdings in Intel were worth $997,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Engines Advisors L.L.C. bought a new position in shares of Intel in the third quarter valued at approximately $119,000. Acrospire Investment Management LLC raised its stake in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Burt Wealth Advisors raised its stake in shares of Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. Finally, Family Capital Trust Co raised its stake in shares of Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after acquiring an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
Intel Co. (INTC) traded down $0.58 on Thursday, reaching $50.74. 30,133,509 shares of the company traded hands, compared to its average volume of 35,230,000. The company has a market cap of $236,850.00, a PE ratio of 16.21, a P/E/G ratio of 1.72 and a beta of 1.01. Intel Co. has a 1-year low of $33.23 and a 1-year high of $52.08. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. equities research analysts predict that Intel Co. will post 3.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were given a $0.30 dividend. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is currently 38.34%.
In related news, insider Venkata S. M. Renduchintala sold 1,502 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $68,474.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The disclosure for this sale can be found here. Insiders sold a total of 123,914 shares of company stock worth $6,011,490 over the last ninety days. 0.08% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on INTC shares. Barclays reiterated a “buy” rating and issued a $55.00 target price on shares of Intel in a research note on Monday, November 13th. Canaccord Genuity raised their price target on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. Instinet raised their price target on shares of Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Maxim Group raised their price target on shares of Intel to $50.00 and gave the company a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group set a $43.00 price target on shares of Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have assigned a buy rating to the company. Intel presently has an average rating of “Buy” and a consensus target price of $49.96.
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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