Sonora Investment Management LLC Sells 3,915 Shares of Intel Co. (NASDAQ:INTC)


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Sonora Investment Management LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 4.7% in the first quarter, Holdings Channel reports. The institutional investor owned 78,745 shares of the chip maker’s stock after selling 3,915 shares during the period. Sonora Investment Management LLC’s holdings in Intel were worth $5,040,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Curi Capital acquired a new stake in Intel in the 4th quarter valued at $26,000. DB Wealth Management Group LLC purchased a new position in shares of Intel in the 4th quarter worth about $29,000. Annapolis Financial Services LLC purchased a new position in shares of Intel in the 4th quarter worth about $30,000. Ogorek Anthony Joseph NY ADV purchased a new position in shares of Intel in the 4th quarter worth about $31,000. Finally, JCIC Asset Management Inc. increased its stake in shares of Intel by 177.5% in the first quarter. JCIC Asset Management Inc. now owns 566 shares of the chip maker’s stock worth $36,000 after purchasing an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 63.25% of the company’s stock.

INTC has been the topic of a number of analyst reports. Cowen boosted their target price on shares of Intel from $75.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, January 22nd. Evercore ISI increased their price target on shares of Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, March 30th. Atlantic Securities upgraded shares of Intel from an “underweight” rating to a “neutral” rating and increased their price target for the company from $36.00 to $55.00 in a report on Thursday, January 14th. Bank of America restated a “sell” rating and issued a $62.00 target price on shares of Intel in a report on Tuesday, March 30th. Finally, Northland Securities assumed coverage on shares of Intel in a report on Wednesday, March 24th. They issued a “sell” rating and a $48.00 target price on the stock. Twelve investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $63.59.

NASDAQ INTC traded down $0.79 during trading hours on Tuesday, hitting $56.47. The company had a trading volume of 195,005 shares, compared to its average volume of 35,212,270. The firm has a market cap of $228.03 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Intel Co. has a fifty-two week low of $43.61 and a fifty-two week high of $68.49. The business has a fifty day simple moving average of $63.41 and a 200-day simple moving average of $55.51.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.24. Intel had a return on equity of 29.44% and a net margin of 28.10%. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $17.97 billion. During the same period last year, the company earned $1.45 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post 4.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a $0.3475 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.46%. Intel’s dividend payout ratio (DPR) is 28.54%.

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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