Gryphon Financial Partners LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 57.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,095 shares of the chip maker’s stock after purchasing an additional 3,310 shares during the period. Gryphon Financial Partners LLC’s holdings in Intel were worth $544,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Tower View Investment Management & Research LLC purchased a new stake in Intel in the 4th quarter worth approximately $31,000. Evolution Wealth Advisors LLC grew its holdings in shares of Intel by 1,636.1% during the 4th quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock valued at $37,000 after acquiring an additional 589 shares in the last quarter. Corbenic Partners LLC purchased a new position in shares of Intel during the 4th quarter valued at $41,000. Clear Investment Research LLC increased its stake in shares of Intel by 6,500.0% in the fourth quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock worth $43,000 after acquiring an additional 715 shares during the last quarter. Finally, Wealthcare Capital Management LLC increased its stake in shares of Intel by 60.3% in the fourth quarter. Wealthcare Capital Management LLC now owns 872 shares of the chip maker’s stock worth $52,000 after acquiring an additional 328 shares during the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.
NASDAQ:INTC opened at $67.08 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.01 and a current ratio of 1.40. The company has a 50-day moving average of $62.31 and a 200-day moving average of $55.13. Intel Co. has a 52 week low of $42.86 and a 52 week high of $69.29. The company has a market capitalization of $283.95 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.78 and a beta of 0.86.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.27. The firm had revenue of $20.20 billion during the quarter, compared to analyst estimates of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.01%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Sell-side analysts forecast that Intel Co. will post 4.99 EPS for the current year.
Intel declared that its board has authorized a stock repurchase program on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 7th will be paid a $0.33 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, February 6th. Intel’s dividend payout ratio is currently 27.10%.
In other Intel news, VP Kevin Thomas Mcbride sold 1,090 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $65.88, for a total transaction of $71,809.20. Following the sale, the vice president now directly owns 16,150 shares of the company’s stock, valued at $1,063,962. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Goetz acquired 86,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average cost of $58.24 per share, with a total value of $5,037,760.00. Following the acquisition, the director now owns 137,720 shares of the company’s stock, valued at approximately $8,020,812.80. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 188,120 shares of company stock worth $11,086,765 and sold 82,146 shares worth $4,611,285. Corporate insiders own 0.02% of the company’s stock.
A number of analysts recently issued reports on the company. Mizuho lifted their price objective on Intel from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, January 24th. ValuEngine downgraded Intel from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. SunTrust Banks raised their price target on Intel from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Wedbush lifted their price target on Intel from $46.00 to $52.50 and gave the company an “underperform” rating in a report on Friday, January 24th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $65.00 price target on shares of Intel in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $65.48.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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