Stearns Financial Services Group lowered its position in Intel (NASDAQ:INTC) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,205 shares of the chip maker’s stock after selling 3,461 shares during the quarter. Intel makes up about 1.0% of Stearns Financial Services Group’s portfolio, making the stock its 16th biggest position. Stearns Financial Services Group’s holdings in Intel were worth $4,256,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Epstein & White Financial LLC bought a new position in Intel in the fourth quarter worth approximately $262,000. Whalerock Point Partners LLC grew its stake in Intel by 32.8% in the fourth quarter. Whalerock Point Partners LLC now owns 37,490 shares of the chip maker’s stock worth $1,730,000 after purchasing an additional 9,250 shares in the last quarter. Berkshire Asset Management LLC PA grew its stake in Intel by 9.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 443,604 shares of the chip maker’s stock worth $20,477,000 after purchasing an additional 36,802 shares in the last quarter. Marathon Asset Management LLP grew its stake in Intel by 7.8% in the fourth quarter. Marathon Asset Management LLP now owns 2,746,300 shares of the chip maker’s stock worth $126,776,000 after purchasing an additional 199,461 shares in the last quarter. Finally, Walter & Keenan Financial Consulting Co. MI ADV grew its stake in Intel by 9.4% in the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock worth $6,298,000 after purchasing an additional 11,764 shares in the last quarter. 68.23% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on INTC. B. Riley increased their price objective on Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Stifel Nicolaus increased their target price on Intel from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, April 27th. Bank of America reaffirmed a “buy” rating and set a $65.00 target price on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial raised Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price on the stock in a research report on Thursday, April 5th. Finally, Cowen began coverage on Intel in a research report on Thursday. They set a “market perform” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average price target of $55.43.
In other Intel news, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total transaction of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares in the company, valued at approximately $301,336.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $3,623,773.52. The disclosure for this sale can be found here. Insiders have sold a total of 97,301 shares of company stock valued at $4,785,697 in the last quarter. Company insiders own 0.03% of the company’s stock.
Shares of Intel opened at $53.50 on Friday, Marketbeat.com reports. The firm has a market capitalization of $256.42 billion, a P/E ratio of 15.46, a PEG ratio of 1.70 and a beta of 0.94. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.35. Intel has a 1 year low of $33.23 and a 1 year high of $55.79.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. analysts forecast that Intel will post 3.84 EPS for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.24%. Intel’s payout ratio is currently 34.68%.
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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