Searle & CO. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,732 shares of the chip maker’s stock, valued at approximately $265,000.
A number of other hedge funds have also recently added to or reduced their stakes in INTC. Jackson Grant Investment Advisers Inc. lifted its stake in Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after purchasing an additional 29 shares during the period. Paradigm Financial Advisors LLC lifted its stake in Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after purchasing an additional 67 shares during the period. Marathon Capital Management lifted its stake in Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after purchasing an additional 80 shares during the period. WealthTrust Fairport LLC lifted its stake in Intel by 0.4% during the second quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock worth $1,086,000 after purchasing an additional 120 shares during the period. Finally, Regal Investment Advisors LLC lifted its stake in Intel by 0.8% during the second quarter. Regal Investment Advisors LLC now owns 21,141 shares of the chip maker’s stock worth $713,000 after purchasing an additional 159 shares during the period. Institutional investors own 69.13% of the company’s stock.
Shares of Intel Co. (NASDAQ INTC) opened at $50.83 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78. The company has a market cap of $238,861.55, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. equities analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is presently 60.61%.
In other Intel news, EVP Navin Shenoy sold 8,967 shares of Intel stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $436,423.89. 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 8,659 shares of Intel stock in a transaction on Friday, January 26th. The stock was 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 ninety days. Company insiders own 0.08% of the company’s stock.
INTC has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $53.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Stifel Nicolaus raised their price target on shares of Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average target price of $50.04.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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