Checchi Capital Advisers LLC grew its stake in Intel (NASDAQ:INTC) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,800 shares of the chip maker’s stock after buying an additional 2,086 shares during the period. Checchi Capital Advisers LLC’s holdings in Intel were worth $2,483,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of INTC. Rockefeller Financial Services Inc. raised its position in Intel by 76.6% in the 4th quarter. Rockefeller Financial Services Inc. now owns 298,362 shares of the chip maker’s stock valued at $13,773,000 after purchasing an additional 129,430 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Intel in the 4th quarter valued at $2,736,000. Hemenway Trust Co LLC raised its position in Intel by 2.9% in the 4th quarter. Hemenway Trust Co LLC now owns 183,198 shares of the chip maker’s stock valued at $8,456,000 after purchasing an additional 5,099 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in Intel in the 4th quarter valued at $207,000. Finally, US Bancorp DE raised its position in Intel by 1.8% in the 4th quarter. US Bancorp DE now owns 5,465,961 shares of the chip maker’s stock valued at $252,308,000 after purchasing an additional 96,813 shares during the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total transaction of $880,610.22. Following the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, 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. Insiders have sold a total of 123,914 shares of company stock worth $6,011,490 over the last ninety days. 0.03% of the stock is owned by corporate insiders.
Several analysts recently commented on the stock. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC upped their price target on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 26th. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, January 26th. Vetr downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $54.70 price target for the company. in a research report on Wednesday. Finally, Wells Fargo restated a “buy” rating and set a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and an average price target of $51.10.
Shares of NASDAQ INTC opened at $51.53 on Friday. The stock has a market capitalization of $250,804.58, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. Intel has a 52 week low of $33.23 and a 52 week high of $54.35. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ 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 firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. equities research analysts expect that Intel will post 3.54 earnings per share for the current 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 dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. Intel’s dividend payout ratio is currently 34.68%.
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Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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