Bluestein R H & Co. lessened its position in shares of Intel Co. (NASDAQ:INTC) by 20.0% in the third quarter, HoldingsChannel.com reports. The firm owned 6,400 shares of the chip maker’s stock after selling 1,600 shares during the quarter. Bluestein R H & Co.’s holdings in Intel were worth $244,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. grew its position in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares during the period. Paradigm Financial Advisors LLC grew its position in Intel by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares during the period. Marathon Capital Management grew its position in Intel by 0.7% in the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after purchasing an additional 80 shares during the period. Sonata Capital Group Inc. grew its position in Intel by 0.9% in the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after purchasing an additional 100 shares during the period. Finally, WealthTrust Fairport LLC grew its position in Intel by 0.4% in the 2nd quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock valued at $1,086,000 after purchasing an additional 120 shares during the period. 67.74% of the stock is owned by institutional investors.
In related news, insider Venkata S. M. Renduchintala sold 1,502 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $68,474.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the sale, the vice president now owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Insiders sold a total of 930,369 shares of company stock worth $41,275,001 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
Several research firms recently issued reports on INTC. Citigroup began coverage on shares of Intel in a research report on Tuesday, January 30th. They issued a “buy” rating and a $58.00 price target for the company. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price target for the company. in a research report on Tuesday, February 13th. B. Riley reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Friday, January 26th. Goldman Sachs Group reissued a “neutral” rating and issued a $48.00 price target on shares of Intel in a research report on Friday, January 26th. Finally, UBS Group set a $51.00 price target on shares of Intel and gave the company a “buy” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. Intel currently has a consensus rating of “Buy” and an average price target of $49.33.
Shares of Intel Co. (NASDAQ INTC) opened at $45.80 on Friday. Intel Co. has a 52 week low of $33.23 and a 52 week high of $50.85. The stock has a market capitalization of $213,790.00, a PE ratio of 14.63, a P/E/G ratio of 1.56 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the previous year, the business posted $0.79 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. equities analysts anticipate that Intel Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be paid a $0.30 dividend. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s payout ratio is currently 38.34%.
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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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