WP Advisors LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,755 shares of the chip maker’s stock, valued at approximately $137,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Midwest Professional Planners LTD. grew its holdings in shares of Intel by 10.7% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,028 shares of the chip maker’s stock worth $522,000 after acquiring an additional 966 shares during the period. Kingfisher Capital LLC grew its holdings in shares of Intel by 9.6% in the 1st quarter. Kingfisher Capital LLC now owns 11,090 shares of the chip maker’s stock worth $578,000 after acquiring an additional 967 shares during the period. Fiduciary Group LLC grew its holdings in shares of Intel by 2.9% in the 1st quarter. Fiduciary Group LLC now owns 34,165 shares of the chip maker’s stock worth $1,779,000 after acquiring an additional 969 shares during the period. WealthTrust Fairport LLC grew its holdings in shares of Intel by 2.9% in the 1st quarter. WealthTrust Fairport LLC now owns 34,782 shares of the chip maker’s stock worth $1,811,000 after acquiring an additional 971 shares during the period. Finally, Schnieders Capital Management LLC grew its holdings in shares of Intel by 0.8% in the 1st quarter. Schnieders Capital Management LLC now owns 116,518 shares of the chip maker’s stock worth $6,069,000 after acquiring an additional 972 shares during the period. Institutional investors own 65.37% of the company’s stock.
Shares of Intel stock opened at $47.03 on Tuesday. Intel Co. has a fifty-two week low of $38.98 and a fifty-two week high of $57.60. The firm has a market cap of $221.24 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion for the quarter, compared to analyst estimates of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. Analysts expect that Intel Co. will post 4.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.
A number of equities research analysts have commented on the company. Stifel Nicolaus reiterated a “neutral” rating and set a $60.00 target price on shares of Intel in a report on Monday, July 16th. Cowen lowered their target price on Intel from $54.00 to $52.00 and set a “market perform” rating on the stock in a report on Friday, July 27th. Wells Fargo & Co lowered their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, September 10th. Macquarie reiterated a “buy” rating and set a $60.00 target price on shares of Intel in a report on Monday, September 10th. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $60.00 target price on shares of Intel in a report on Monday, July 16th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.84.
In other news, CEO Robert Holmes Swan bought 5,243 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were acquired at an average cost of $47.69 per share, with a total value of $250,038.67. Following the transaction, the chief executive officer now owns 71,672 shares of the company’s stock, valued at approximately $3,418,037.68. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the transaction, the executive vice president now directly owns 40,903 shares in the company, valued at $1,950,664.07. The disclosure for this sale can be found here. Insiders sold a total of 4,077 shares of company stock worth $205,757 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.
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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