L & S Advisors Inc raised its position in Intel Co. (NASDAQ:INTC) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 146,848 shares of the chip maker’s stock after buying an additional 12,282 shares during the quarter. Intel comprises 1.1% of L & S Advisors Inc’s portfolio, making the stock its 18th largest holding. L & S Advisors Inc’s holdings in Intel were worth $8,789,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in INTC. Mercer Global Advisors Inc. ADV increased its stake in Intel by 12.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 257,044 shares of the chip maker’s stock valued at $15,384,000 after purchasing an additional 28,091 shares during the period. Sculati Wealth Management LLC acquired a new stake in shares of Intel during the fourth quarter valued at $2,454,000. Jarislowsky Fraser Ltd boosted its stake in shares of Intel by 0.6% during the fourth quarter. Jarislowsky Fraser Ltd now owns 24,575 shares of the chip maker’s stock valued at $1,470,000 after acquiring an additional 158 shares during the last quarter. Toronto Dominion Bank increased its position in Intel by 5.1% during the 4th quarter. Toronto Dominion Bank now owns 3,123,769 shares of the chip maker’s stock worth $366,347,000 after purchasing an additional 151,352 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. increased its position in Intel by 7.2% during the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 9,263 shares of the chip maker’s stock worth $554,000 after purchasing an additional 623 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.
Shares of Intel stock opened at $51.66 on Thursday. Intel Co. has a twelve month low of $42.86 and a twelve month high of $69.29. The stock has a market capitalization of $230.87 billion, a P/E ratio of 10.94, a PEG ratio of 1.44 and a beta of 0.96. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $62.94 and its 200 day moving average price is $56.89.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. Intel had a net margin of 29.25% and a return on equity of 29.01%. The firm had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The company’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Intel Co. will post 4.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Friday, February 7th were paid a dividend of $0.33 per share. This is an increase from Intel’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, February 6th. Intel’s payout ratio is currently 27.10%.
In related news, Director Alyssa Henry acquired 15,400 shares of Intel stock in a transaction on Monday, February 3rd. The shares were bought at an average price of $67.34 per share, for a total transaction of $1,037,036.00. Also, Director Andy D. Bryant sold 9,991 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $57.38, for a total value of $573,283.58. Following the completion of the sale, the director now directly owns 425,595 shares of the company’s stock, valued at approximately $24,420,641.10. The disclosure for this sale can be found here. Insiders sold 45,795 shares of company stock valued at $2,710,276 in the last three months. Company insiders own 0.02% of the company’s stock.
INTC has been the topic of a number of recent research reports. BidaskClub lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, January 17th. ValuEngine upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Monday. Citigroup lifted their price target on shares of Intel from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $80.00 price objective on shares of Intel in a research report on Friday, January 24th. Finally, Tigress Financial reissued a “buy” rating on shares of Intel in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.42.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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