DAVENPORT & Co LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,447 shares of the chip maker’s stock after purchasing an additional 6,707 shares during the quarter. DAVENPORT & Co LLC’s holdings in Intel were worth $11,330,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in INTC. Financial Engines Advisors L.L.C. purchased a new position in Intel during the 3rd quarter valued at approximately $119,000. Acrospire Investment Management LLC grew its holdings in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in Intel during the 3rd quarter valued at approximately $158,000. Finally, Burt Wealth Advisors grew its holdings in Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
In other news, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on the company. Vetr upgraded Intel from a “hold” rating to a “buy” rating and set a $54.41 price target for the company in a report on Monday, March 12th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Bank of America restated a “buy” rating and set a $61.00 price target (up previously from $52.00) on shares of Intel in a report on Thursday, March 8th. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Nomura raised their price objective on Intel from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.04.
Shares of INTC stock opened at $51.55 on Wednesday. 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 firm has a market capitalization of $238,861.55, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.73 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 issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. equities research analysts predict that Intel Co. will post 3.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) 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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