Seizert Capital Partners LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 517,351 shares of the chip maker’s stock after selling 32,617 shares during the quarter. Seizert Capital Partners LLC’s holdings in Intel were worth $19,701,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Everence Capital Management Inc. increased its position in shares of Intel by 5.0% in the 3rd quarter. Everence Capital Management Inc. now owns 107,455 shares of the chip maker’s stock valued at $4,092,000 after purchasing an additional 5,160 shares during the last quarter. Cidel Asset Management Inc. purchased a new stake in shares of Intel in the 3rd quarter valued at approximately $207,000. Barrington Strategic Wealth Management Group LLC increased its position in shares of Intel by 12.9% in the 3rd quarter. Barrington Strategic Wealth Management Group LLC now owns 25,045 shares of the chip maker’s stock valued at $954,000 after purchasing an additional 2,870 shares during the last quarter. Wilsey Asset Management Inc. increased its position in shares of Intel by 13.3% in the 3rd quarter. Wilsey Asset Management Inc. now owns 247,864 shares of the chip maker’s stock valued at $9,609,000 after purchasing an additional 29,010 shares during the last quarter. Finally, Berkshire Asset Management LLC PA increased its position in shares of Intel by 0.6% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 406,802 shares of the chip maker’s stock valued at $15,491,000 after purchasing an additional 2,462 shares during the last quarter. Hedge funds and other institutional investors own 67.56% of the company’s stock.
In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total transaction of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at $75,371.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $71,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 928,294 shares of company stock worth $41,180,871. 0.08% of the stock is currently owned by corporate insiders.
Intel Co. (NASDAQ INTC) traded down $1.50 during trading on Friday, reaching $46.15. 28,660,000 shares of the company were exchanged, compared to its average volume of 38,460,000. Intel Co. has a 52-week low of $33.23 and a 52-week high of $50.85. The stock has a market capitalization of $215,980.00, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. Intel’s revenue was up 4.1% compared to the same quarter last year. analysts anticipate that Intel Co. will post 3.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. Intel’s payout ratio is 55.05%.
A number of equities research analysts have commented on INTC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $40.00 price objective (up from $37.00) on shares of Intel in a research report on Friday, October 6th. Mizuho reissued a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Intel in a research report on Monday, October 9th. Susquehanna Bancshares increased their price objective on shares of Intel from $45.00 to $46.00 and gave the company a “positive” rating in a research report on Tuesday, October 10th. Vetr raised shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a research report on Wednesday, October 11th. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Intel in a research report on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Intel currently has a consensus rating of “Buy” and a consensus target price of $49.10.
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Intel Company Profile
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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