Fayerweather Charles trimmed its stake in Intel (NASDAQ:INTC) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,597 shares of the chip maker’s stock after selling 8,923 shares during the quarter. Intel makes up 1.9% of Fayerweather Charles’ holdings, making the stock its 21st biggest position. Fayerweather Charles’ holdings in Intel were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goodman Financial Corp purchased a new stake in shares of Intel during the 4th quarter valued at approximately $102,000. Financial Engines Advisors L.L.C. bought a new stake in Intel during the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC increased its holdings in Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the period. Delphi Private Advisors LLC increased its holdings in Intel by 286.1% during the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after acquiring an additional 2,157 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares during the period. Hedge funds and other institutional investors own 69.03% of the company’s stock.
A number of research firms recently weighed in on INTC. Barclays upped their target price on shares of Intel from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, April 19th. Bank of America reaffirmed a “buy” rating and set a $65.00 target price on shares of Intel in a report on Wednesday, April 18th. Vetr lowered shares of Intel from a “buy” rating to a “hold” rating and set a $54.70 target price on the stock. in a report on Wednesday, April 18th. Macquarie reaffirmed a “buy” rating and set a $58.00 target price on shares of Intel in a report on Thursday, April 12th. Finally, Tigress Financial raised shares of Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price on the stock in a report on Thursday, April 5th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.10.
Shares of INTC opened at $51.10 on Tuesday. The firm has a market cap of $241,073.66, a price-to-earnings ratio of 14.77, a PEG ratio of 1.73 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 has a twelve month low of $33.23 and a twelve month high of $54.35.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business 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 firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. equities research analysts forecast that Intel 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 given a dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 annualized dividend and a yield of 2.35%. Intel’s payout ratio is currently 34.68%.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 in the last three months. 0.03% of the stock is currently owned by corporate insiders.
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Intel Company Profile
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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