Evercore Wealth Management LLC decreased its position in Intel Co. (NASDAQ:INTC) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 230,855 shares of the chip maker’s stock after selling 9,458 shares during the period. Evercore Wealth Management LLC’s holdings in Intel were worth $8,790,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. acquired a new position in Intel in the 3rd quarter worth $119,000. Acrospire Investment Management LLC boosted its stake in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the period. JFS Wealth Advisors LLC boosted its stake in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares during the period. Burt Wealth Advisors boosted its stake in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after purchasing an additional 3,471 shares during the period. Finally, Family Capital Trust Co boosted its stake in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares during the period. 67.74% of the stock is owned by institutional investors.
In other Intel news, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction of $31,940.16. Following the transaction, the vice president now owns 6,472 shares in the company, valued at approximately $301,336.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 930,369 shares of company stock worth $41,275,001. Insiders own 0.08% of the company’s stock.
A number of equities analysts recently weighed in on the stock. UBS Group set a $51.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Monday, January 29th. MKM Partners upped their target price on shares of Intel to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Vetr lowered shares of Intel from a “buy” rating to a “sell” rating and set a $47.74 target price for the company. in a research note on Monday, January 29th. Citigroup assumed coverage on shares of Intel in a research note on Tuesday, January 30th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Nomura reaffirmed a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.33.
Intel Co. (NASDAQ:INTC) opened at $45.80 on Friday. The firm has a market cap of $213,790.00, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. equities research analysts anticipate that Intel Co. will post 3.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.30 dividend. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is currently 38.34%.
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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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