CapWealth Advisors LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,635 shares of the chip maker’s stock after selling 184 shares during the quarter. CapWealth Advisors LLC’s holdings in Intel were worth $457,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Tower View Investment Management & Research LLC bought a new stake in shares of Intel during the 4th quarter worth $31,000. Evolution Wealth Advisors LLC lifted its position 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 during the last quarter. Corbenic Partners LLC acquired a new position in Intel during the 4th quarter worth $41,000. Fulcrum Capital LLC bought a new stake in Intel during the third quarter valued at about $201,000. Finally, Clear Investment Research LLC boosted its holdings in Intel by 6,500.0% during the fourth quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock valued at $43,000 after acquiring an additional 715 shares during the period. 66.46% of the stock is currently owned by hedge funds and other institutional investors.
In related 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 value of $71,809.20. Following the sale, the vice president now owns 16,150 shares of the company’s stock, valued at $1,063,962. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alyssa Henry purchased 15,400 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of $67.34 per share, with a total value of $1,037,036.00. Insiders have sold a total of 28,381 shares of company stock valued at $1,712,265 over the last ninety days. 0.02% of the stock is owned by insiders.
A number of research firms have recently commented on INTC. Rosenblatt Securities reiterated a “sell” rating on shares of Intel in a research note on Friday, January 24th. Sanford C. Bernstein increased their target price on Intel from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Friday, January 24th. KeyCorp restated a “hold” rating on shares of Intel in a research note on Friday, October 25th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $62.00 target price on shares of Intel in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on Intel from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have issued a buy rating to the company. Intel presently has an average rating of “Hold” and an average price target of $65.48.
Shares of NASDAQ INTC opened at $67.27 on Friday. The business has a fifty day simple moving average of $62.63 and a 200 day simple moving average of $55.28. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $288.44 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.80 and a beta of 0.86. Intel Co. has a one year low of $42.86 and a one year high of $69.29.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. The firm had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.01%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 earnings per share. On average, research analysts anticipate that Intel Co. will post 4.99 earnings per share for the current fiscal year.
Intel announced that its board has authorized a stock repurchase plan on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Intel’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, February 6th. Intel’s dividend payout ratio (DPR) is presently 27.10%.
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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