Investors Research Corp lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,903 shares of the chip maker’s stock after selling 2,500 shares during the quarter. Intel makes up approximately 1.0% of Investors Research Corp’s portfolio, making the stock its 4th largest holding. Investors Research Corp’s holdings in Intel were worth $2,682,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners boosted its stake in shares of Intel by 3.2% in the first quarter. Tennessee Valley Asset Management Partners now owns 5,017 shares of the chip maker’s stock valued at $321,000 after purchasing an additional 154 shares during the period. Clear Harbor Asset Management LLC boosted its stake in shares of Intel by 0.8% in the first quarter. Clear Harbor Asset Management LLC now owns 22,335 shares of the chip maker’s stock valued at $1,429,000 after purchasing an additional 170 shares during the period. Pin Oak Investment Advisors Inc. boosted its stake in shares of Intel by 1.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 10,135 shares of the chip maker’s stock valued at $505,000 after purchasing an additional 173 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of Intel by 1.1% in the fourth quarter. Global Trust Asset Management LLC now owns 15,443 shares of the chip maker’s stock valued at $769,000 after purchasing an additional 175 shares during the period. Finally, Financial Advisors LLC boosted its stake in shares of Intel by 0.9% in the first quarter. Financial Advisors LLC now owns 20,141 shares of the chip maker’s stock valued at $1,289,000 after purchasing an additional 183 shares during the period. Institutional investors own 63.25% of the company’s stock.
A number of research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Intel from $57.00 to $59.00 and gave the stock a “hold” rating in a research note on Tuesday, March 30th. Truist raised their price objective on shares of Intel from $60.00 to $64.00 in a report on Friday, January 22nd. Oppenheimer reissued a “hold” rating on shares of Intel in a report on Friday, January 22nd. Roth Capital lifted their target price on shares of Intel from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, March 30th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $59.00 target price on shares of Intel in a research report on Friday, April 23rd. Twelve equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. Intel currently has a consensus rating of “Hold” and a consensus price target of $63.59.
Intel (NASDAQ:INTC) last released its earnings results on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.24. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $17.97 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Equities research analysts forecast that Intel Co. will post 4.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be paid a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is currently 28.54%.
Intel Company Profile
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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