KCS Wealth Advisory purchased a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,992 shares of the chip maker’s stock, valued at approximately $277,000.
A number of other hedge funds also recently bought and sold shares of the business. Starfire Investment Advisers Inc. acquired a new position in Intel during the fourth quarter worth approximately $231,000. Hexavest Inc. increased its position in Intel by 25.9% during the fourth quarter. Hexavest Inc. now owns 2,398,909 shares of the chip maker’s stock worth $110,734,000 after buying an additional 493,396 shares during the period. Nisa Investment Advisors LLC increased its position in Intel by 2.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,952,671 shares of the chip maker’s stock worth $90,128,000 after buying an additional 39,919 shares during the period. Chelsea Counsel Co. increased its position in Intel by 23.2% during the fourth quarter. Chelsea Counsel Co. now owns 30,525 shares of the chip maker’s stock worth $1,409,000 after buying an additional 5,749 shares during the period. Finally, Indiana Trust & Investment Management CO increased its position in Intel by 9.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 16,047 shares of the chip maker’s stock worth $740,000 after buying an additional 1,383 shares during the period. 69.16% of the stock is currently owned by institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now owns 263,382 shares in the company, valued at $13,011,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 2,155 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total value of $98,332.65. Following the sale, the executive vice president now owns 20,933 shares in the company, valued at approximately $955,172.79. The disclosure for this sale can be found here. Insiders sold 123,914 shares of company stock valued at $6,011,490 in the last three months. 0.08% of the stock is currently owned by company insiders.
INTC has been the topic of several analyst reports. Nomura reiterated a “buy” rating and issued a $50.00 target price on shares of Intel in a research note on Thursday, January 4th. B. Riley reiterated a “buy” rating and issued a $53.00 target price on shares of Intel in a research note on Thursday, January 4th. JPMorgan Chase set a $53.00 target price on Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price on the stock. in a research note on Tuesday, January 2nd. Finally, BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.79.
Shares of NASDAQ INTC traded down $1.59 on Friday, hitting $48.79. The company had a trading volume of 28,207,429 shares, compared to its average volume of 33,605,900. Intel Co. has a 12-month low of $33.23 and a 12-month high of $53.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The company has a market capitalization of $235,173.84, a price-to-earnings ratio of 14.10, a PEG ratio of 1.69 and a beta of 0.95.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The firm had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.79 earnings per share. research analysts expect that Intel Co. will post 3.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.
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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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