Abacus Planning Group Inc. trimmed its position in Intel Co. (NASDAQ:INTC – Get Rating) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,678 shares of the chip maker’s stock after selling 2,859 shares during the quarter. Abacus Planning Group Inc.’s holdings in Intel were worth $1,372,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of Intel by 173.6% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 539,976 shares of the chip maker’s stock valued at $26,761,000 after purchasing an additional 342,649 shares during the period. Calton & Associates Inc. lifted its holdings in Intel by 117.8% during the 1st quarter. Calton & Associates Inc. now owns 20,835 shares of the chip maker’s stock valued at $1,032,000 after purchasing an additional 11,268 shares during the last quarter. Griffin Asset Management Inc. increased its position in Intel by 3.1% during the 1st quarter. Griffin Asset Management Inc. now owns 141,407 shares of the chip maker’s stock worth $7,008,000 after buying an additional 4,247 shares during the period. Global Trust Asset Management LLC increased its position in shares of Intel by 5.0% in the first quarter. Global Trust Asset Management LLC now owns 15,981 shares of the chip maker’s stock worth $792,000 after purchasing an additional 754 shares during the period. Finally, Stonnington Group LLC increased its position in shares of Intel by 6.9% in the first quarter. Stonnington Group LLC now owns 12,509 shares of the chip maker’s stock worth $583,000 after purchasing an additional 810 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.
A number of analysts have recently commented on INTC shares. Credit Suisse Group set a $60.00 price target on Intel in a research note on Friday, April 29th. DZ Bank downgraded Intel from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Thursday, February 24th. Citigroup cut their price objective on Intel from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, June 6th. Raymond James raised Intel from an “underperform” rating to a “market perform” rating in a research report on Wednesday, February 23rd. Finally, Wedbush restated an “underperform” rating and issued a $45.00 target price on shares of Intel in a research note on Thursday, April 21st. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $53.24.
Shares of INTC stock opened at $37.38 on Thursday. The firm has a market capitalization of $152.85 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.13 and a quick ratio of 1.73. The business has a fifty day moving average of $43.10 and a 200 day moving average of $47.39. Intel Co. has a 1 year low of $36.60 and a 1 year high of $57.83.
Intel (NASDAQ:INTC – Get Rating) last issued its earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The company had revenue of $18.40 billion during the quarter, compared to analyst estimates of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, equities research analysts expect that Intel Co. will post 3.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Saturday, May 7th were paid a $0.365 dividend. The ex-dividend date was Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a yield of 3.91%. Intel’s dividend payout ratio (DPR) is 24.25%.
Intel Company Profile (Get Rating)
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, 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, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
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