ETF Managers Group LLC grew its position in Intel Co. (NASDAQ:INTC) by 1,803.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,709 shares of the chip maker’s stock after purchasing an additional 38,570 shares during the period. ETF Managers Group LLC’s holdings in Intel were worth $1,910,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Clearwater Capital Advisors LLC raised its holdings in shares of Intel by 3.6% during the 4th quarter. Clearwater Capital Advisors LLC now owns 6,396 shares of the chip maker’s stock valued at $300,000 after buying an additional 224 shares during the period. SignalPoint Asset Management LLC raised its holdings in shares of Intel by 1.6% during the 4th quarter. SignalPoint Asset Management LLC now owns 14,800 shares of the chip maker’s stock valued at $694,000 after buying an additional 227 shares during the period. Wealth Architects LLC raised its holdings in shares of Intel by 0.8% during the 4th quarter. Wealth Architects LLC now owns 31,613 shares of the chip maker’s stock valued at $1,484,000 after buying an additional 246 shares during the period. Cooper Haims Advisors LLC raised its holdings in shares of Intel by 3.0% during the 4th quarter. Cooper Haims Advisors LLC now owns 8,396 shares of the chip maker’s stock valued at $394,000 after buying an additional 246 shares during the period. Finally, Home Federal Bank of Tennessee raised its holdings in shares of Intel by 1.1% during the 4th quarter. Home Federal Bank of Tennessee now owns 23,524 shares of the chip maker’s stock valued at $1,104,000 after buying an additional 247 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Venkata S. M. Renduchintala sold 37,989 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the transaction, the insider now owns 76,855 shares in the company, valued at approximately $4,011,062.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. Insiders sold a total of 99,802 shares of company stock valued at $5,317,254 over the last quarter. Company insiders own 0.02% of the company’s stock.
Several equities research analysts recently commented on the company. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, March 27th. Goldman Sachs Group reiterated a “sell” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Mizuho dropped their target price on Intel from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, New Street Research set a $65.00 target price on Intel and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.23.
Shares of NASDAQ INTC opened at $44.57 on Friday. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $208.51 billion, a PE ratio of 9.73, a PEG ratio of 1.39 and a beta of 0.75.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The business had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. During the same period in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that Intel Co. will post 4.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. Intel’s dividend payout ratio (DPR) is 27.51%.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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