Triangle Securities Wealth Management Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)


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Triangle Securities Wealth Management lessened its stake in Intel Co. (NASDAQ:INTC) by 43.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 20,127 shares of the chip maker’s stock after selling 15,463 shares during the quarter. Triangle Securities Wealth Management’s holdings in Intel were worth $1,288,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Violich Capital Management Inc. raised its position in shares of Intel by 4.1% during the 4th quarter. Violich Capital Management Inc. now owns 180,000 shares of the chip maker’s stock worth $8,968,000 after purchasing an additional 7,130 shares during the last quarter. Greenleaf Trust lifted its position in shares of Intel by 1.1% in the fourth quarter. Greenleaf Trust now owns 99,249 shares of the chip maker’s stock valued at $4,945,000 after acquiring an additional 1,051 shares in the last quarter. Bouvel Investment Partners LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $1,958,000. M. Kulyk & Associates LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $3,104,000. Finally, Marshall Financial Group LLC acquired a new position in Intel in the 4th quarter valued at $1,002,000. Institutional investors own 63.25% of the company’s stock.

Shares of Intel stock traded down $0.04 during trading hours on Monday, reaching $68.22. 181,108 shares of the company were exchanged, compared to its average volume of 35,306,102. The firm has a market cap of $277.82 billion, a PE ratio of 13.38, a PEG ratio of 1.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66. Intel Co. has a 1 year low of $43.61 and a 1 year high of $68.40. The stock’s fifty day moving average is $63.06 and its 200 day moving average is $54.23.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.42. The company had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $17.47 billion. Intel had a return on equity of 29.44% and a net margin of 28.10%. During the same quarter in the prior year, the business earned $1.52 EPS. Research analysts expect that Intel Co. will post 4.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be issued a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 annualized dividend and a yield of 2.04%. Intel’s dividend payout ratio (DPR) is 28.54%.

INTC has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Intel from $68.00 to $75.00 and gave the stock an “in-line” rating in a report on Tuesday, March 30th. Oppenheimer reiterated a “hold” rating on shares of Intel in a report on Friday, January 22nd. Needham & Company LLC boosted their target price on Intel from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, March 30th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $40.00 price target on shares of Intel in a report on Tuesday, January 19th. Finally, Truist Securities boosted their price objective on Intel from $64.00 to $73.00 in a research note on Wednesday, March 24th. Eleven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.64.

In other Intel news, CFO George S. Davis acquired 9,095 shares of the stock in a transaction dated Tuesday, January 26th. The stock was acquired at an average cost of $55.34 per share, with a total value of $503,317.30. Following the transaction, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Holmes Swan acquired 27,244 shares of the company’s stock in a transaction dated Monday, January 25th. The stock was acquired at an average price of $55.57 per share, for a total transaction of $1,513,949.08. Following the acquisition, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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