Union Bankshares Corp trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 140,188 shares of the chip maker’s stock after selling 3,216 shares during the quarter. Intel makes up 2.0% of Union Bankshares Corp’s portfolio, making the stock its 9th largest position. Union Bankshares Corp’s holdings in Intel were worth $6,471,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in INTC. Beach Investment Management LLC. bought a new position in Intel in the 2nd quarter worth about $371,000. LLBH Private Wealth Management LLC boosted its holdings in shares of Intel by 0.8% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 30,378 shares of the chip maker’s stock worth $1,025,000 after purchasing an additional 256 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Intel by 17.6% in the 2nd quarter. Alps Advisors Inc. now owns 30,913 shares of the chip maker’s stock worth $1,043,000 after purchasing an additional 4,621 shares in the last quarter. Bristol Advisors LLC purchased a new position in shares of Intel in the 2nd quarter worth about $1,167,000. Finally, Legal & General Group Plc boosted its holdings in shares of Intel by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 25,508,803 shares of the chip maker’s stock worth $860,658,000 after purchasing an additional 412,747 shares in the last quarter. Institutional investors own 69.22% of the company’s stock.
In related news, VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by corporate insiders.
Intel Co. (INTC) opened at $52.19 on Monday. Intel Co. has a 52-week low of $33.23 and a 52-week high of $52.30. The stock has a market capitalization of $243,620.00, a P/E ratio of 16.67, a PEG ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is 38.34%.
A number of research firms have recently issued reports on INTC. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the stock a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC upped their price objective on Intel from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 26th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price objective on shares of Intel in a report on Friday, January 26th. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective for the company. in a report on Wednesday, January 17th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $55.00 price objective on shares of Intel in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $49.96.
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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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