Access Financial Services Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,925 shares of the chip maker’s stock after selling 8,454 shares during the period. Access Financial Services Inc.’s holdings in Intel were worth $1,058,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after buying an additional 29 shares during the period. Paradigm Financial Advisors LLC boosted its stake in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after buying an additional 67 shares during the period. Marathon Capital Management boosted its stake in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after buying an additional 80 shares during the period. WealthTrust Fairport LLC lifted its stake in shares of Intel by 0.4% in the 2nd quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock valued at $1,086,000 after purchasing an additional 120 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its stake in shares of Intel by 0.8% in the 2nd quarter. Regal Investment Advisors LLC now owns 21,141 shares of the chip maker’s stock valued at $713,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 69.16% of the company’s stock.
Several equities research analysts recently issued reports on INTC shares. Maxim Group lifted their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Goldman Sachs set a $43.00 target price on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Mizuho restated a “buy” rating and set a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price on the stock. in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Intel currently has a consensus rating of “Buy” and a consensus target price of $50.79.
In other news, CEO Brian M. Krzanich sold 8,659 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the transaction, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.08% of the company’s stock.
INTC stock traded down $1.59 during trading hours on Friday, reaching $48.79. The stock had a trading volume of 28,215,164 shares, compared to its average volume of 33,605,900. The stock has a market cap of $227,751.72, a P/E ratio of 14.10, a P/E/G ratio of 1.64 and a beta of 0.95. 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 Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78.
Intel (NASDAQ:INTC) last announced 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 analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. equities research analysts anticipate that Intel Co. will post 3.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date 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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