WealthTrust Fairport LLC boosted its holdings in shares of Intel (NASDAQ:INTC) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,811 shares of the chip maker’s stock after purchasing an additional 1,379 shares during the period. WealthTrust Fairport LLC’s holdings in Intel were worth $1,561,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Alpha Omega Wealth Management LLC boosted its position in Intel by 1.3% in the 3rd quarter. Alpha Omega Wealth Management LLC now owns 113,962 shares of the chip maker’s stock valued at $4,340,000 after buying an additional 1,463 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its position in Intel by 19.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 68,865 shares of the chip maker’s stock valued at $2,622,000 after buying an additional 11,427 shares during the last quarter. Moreno Evelyn V boosted its position in Intel by 5.2% in the 3rd quarter. Moreno Evelyn V now owns 237,969 shares of the chip maker’s stock valued at $9,061,000 after buying an additional 11,834 shares during the last quarter. FDx Advisors Inc. boosted its position in Intel by 20.2% in the 3rd quarter. FDx Advisors Inc. now owns 287,661 shares of the chip maker’s stock valued at $10,954,000 after buying an additional 48,376 shares during the last quarter. Finally, GW Henssler & Associates Ltd. boosted its position in Intel by 2.7% in the 3rd quarter. GW Henssler & Associates Ltd. now owns 404,884 shares of the chip maker’s stock valued at $15,418,000 after buying an additional 10,467 shares during the last quarter. 67.02% of the stock is owned by hedge funds and other institutional investors.
INTC opened at $54.32 on Tuesday. Intel has a 1 year low of $33.23 and a 1 year high of $55.79. The stock has a market capitalization of $250.29 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.15. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. analysts expect that Intel will post 3.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.
INTC has been the topic of a number of recent research reports. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.56 price objective on the stock in a research report on Monday, February 12th. Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a research report on Monday, March 26th. Nomura raised their price target on Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. JPMorgan Chase restated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Friday, January 26th. Finally, Bank of America restated a “buy” rating and issued a $61.00 price target (up from $52.00) on shares of Intel in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Intel has a consensus rating of “Buy” and a consensus price target of $55.43.
In related news, EVP Navin Shenoy sold 1,010 shares of Intel stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $52.80, for a total value of $53,328.00. Following the sale, the executive vice president now owns 32,920 shares of the company’s stock, valued at $1,738,176. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the sale, the vice president now directly owns 6,472 shares in the company, valued at approximately $301,336.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,301 shares of company stock worth $4,785,697. 0.03% of the stock is owned by company insiders.
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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