Lowe Brockenbrough & Co. Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 283,374 shares of the chip maker’s stock after selling 2,480 shares during the quarter. Intel accounts for about 1.9% of Lowe Brockenbrough & Co. Inc.’s holdings, making the stock its 9th biggest holding. Lowe Brockenbrough & Co. Inc.’s holdings in Intel were worth $13,081,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Epstein & White Financial LLC purchased a new position in Intel in the fourth quarter worth approximately $262,000. Whalerock Point Partners LLC lifted its stake in Intel by 32.8% in the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock worth $1,730,000 after acquiring an additional 9,250 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in Intel by 9.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock worth $20,477,000 after acquiring an additional 36,802 shares during the last quarter. Beacon Financial Group lifted its stake in Intel by 39.5% in the third quarter. Beacon Financial Group now owns 44,367 shares of the chip maker’s stock worth $1,689,000 after acquiring an additional 12,571 shares during the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV lifted its stake in Intel by 9.4% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock worth $6,298,000 after acquiring an additional 11,764 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total value of $98,332.65. Following the sale, the executive vice president now directly owns 20,933 shares in the company, valued at approximately $955,172.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the sale, the chief executive officer now owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock worth $6,011,490 over the last 90 days. Insiders own 0.03% of the company’s stock.
Shares of NASDAQ INTC opened at $53.61 on Thursday. The firm has a market cap of $250,477.09, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.80 and a beta of 0.95. Intel Co. has a one year low of $33.23 and a one year high of $54.35. 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 issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. analysts forecast that Intel Co. will post 3.54 EPS for the current year.
The business 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. The ex-dividend date is Friday, May 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. Intel’s payout ratio is currently 34.68%.
A number of research analysts recently issued reports on INTC shares. Argus reiterated a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, January 5th. Nomura reissued a “buy” rating and set a $50.00 price objective on shares of Intel in a report on Thursday, January 4th. B. Riley reissued a “buy” rating and set a $53.00 price objective on shares of Intel in a report on Thursday, January 4th. JPMorgan Chase set a $53.00 price objective on shares of Intel and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $51.10.
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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