Cullen Frost Bankers Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,872 shares of the chip maker’s stock after selling 3,293 shares during the period. Cullen Frost Bankers Inc.’s holdings in Intel were worth $10,241,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of INTC. Financial Engines Advisors L.L.C. bought a new position in Intel in the third quarter valued at $119,000. Acrospire Investment Management LLC grew its position in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in Intel in the third quarter valued at $158,000. Finally, Ballew Advisors Inc bought a new position in Intel in the fourth quarter valued at $207,000. 69.16% of the stock is owned by institutional investors.
INTC stock opened at $51.86 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel Co. has a 12 month low of $33.23 and a 12 month high of $53.78. The stock has a market capitalization of $246,640.88, a price-to-earnings ratio of 14.99, a PEG ratio of 1.77 and a beta of 0.95.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $16.34 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts forecast that Intel Co. will post 3.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the firm’s 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 approximately $13,011,070.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,914 shares of company stock worth $6,011,490. Insiders own 0.08% of the company’s stock.
INTC has been the subject of a number of analyst reports. Mizuho reissued a “buy” rating and issued a $47.00 price objective on shares of Intel in a research report on Tuesday, December 26th. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a research report on Tuesday, January 2nd. Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase set a $53.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Intel has a consensus rating of “Buy” and an average price target of $50.87.
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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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