GYL Financial Synergies LLC decreased its position in Intel Co. (NASDAQ:INTC) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,910 shares of the chip maker’s stock after selling 414 shares during the quarter. GYL Financial Synergies LLC’s holdings in Intel were worth $1,311,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Tower View Investment Management & Research LLC purchased a new position in Intel in the fourth quarter worth approximately $31,000. Evolution Wealth Advisors LLC grew its holdings in Intel by 1,636.1% during the 4th quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock worth $37,000 after acquiring an additional 589 shares in the last quarter. Corbenic Partners LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $41,000. Clear Investment Research LLC increased its position in shares of Intel by 6,500.0% in the 4th quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock valued at $43,000 after purchasing an additional 715 shares during the last quarter. Finally, Wealthcare Capital Management LLC lifted its position in shares of Intel by 60.3% during the 4th quarter. Wealthcare Capital Management LLC now owns 872 shares of the chip maker’s stock worth $52,000 after purchasing an additional 328 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.
Several equities analysts recently commented on INTC shares. FIX increased their target price on Intel from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 24th. Citigroup upped their price objective on Intel from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $80.00 price objective on shares of Intel in a report on Friday, January 24th. UBS Group raised their target price on Intel from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, KeyCorp restated a “hold” rating on shares of Intel in a research note on Friday, October 25th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.48.
In other news, EVP Navin Shenoy sold 8,552 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $58.00, for a total transaction of $496,016.00. Following the transaction, the executive vice president now directly owns 70,277 shares in the company, valued at $4,076,066. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James J. Goetz purchased 86,220 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $58.13 per share, with a total value of $5,011,968.60. Following the completion of the acquisition, the director now directly owns 86,220 shares of the company’s stock, valued at $5,011,968.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 188,120 shares of company stock valued at $11,086,765 and have sold 82,146 shares valued at $4,611,285. 0.02% of the stock is owned by corporate insiders.
Shares of 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. Intel Co. has a fifty-two week low of $42.86 and a fifty-two week high of $69.29. The firm has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $55.13. The company has a market capitalization of $283.95 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.78 and a beta of 0.86.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 23rd. The chip maker reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.27. Intel had a return on equity of 29.01% and a net margin of 29.25%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post 4.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 7th will be issued a $0.33 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Intel’s previous quarterly dividend of $0.32. Intel’s payout ratio is presently 27.10%.
Intel declared that its Board of Directors has initiated a share repurchase program on Thursday, October 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the chip maker to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
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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