CHURCHILL MANAGEMENT Corp trimmed its holdings in Intel Co. (NASDAQ:INTC) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 444,138 shares of the chip maker’s stock after selling 1,383 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Intel were worth $20,501,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. purchased a new stake in Intel during the third quarter worth about $119,000. Acrospire Investment Management LLC increased its holdings in Intel by 111.8% during the second 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 last quarter. JFS Wealth Advisors LLC increased its holdings in Intel by 47.1% during the third 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 last quarter. Fieldpoint Private Securities LLC purchased a new stake in Intel during the third quarter worth about $158,000. Finally, Burt Wealth Advisors increased its holdings in Intel by 236.1% during the second 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 last quarter. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $436,423.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,914 shares of company stock worth $6,011,490. Company insiders own 0.08% of the company’s stock.
A number of research firms recently issued reports on INTC. Morningstar set a $41.00 price objective on shares of Intel and gave the stock a “neutral” rating in a report on Friday, January 26th. Morgan Stanley lifted their target price on shares of Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. KeyCorp lifted their target price on shares of Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. ValuEngine downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.04.
Intel Co. (NASDAQ INTC) opened at $51.86 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $242,080.00, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01. Intel Co. has a 1 year low of $33.23 and a 1 year high of $53.78.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts predict that Intel Co. will post 3.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Tuesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is 38.34%.
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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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