Exencial Wealth Advisors LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,622 shares of the chip maker’s stock after selling 1,453 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Intel were worth $671,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new position in Intel in the third quarter valued at approximately $119,000. Acrospire Investment Management LLC boosted its stake in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Winfield Associates Inc. boosted its stake in Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. Finally, Burt Wealth Advisors boosted its stake in Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. 67.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Intel Co. (INTC) opened at $44.52 on Tuesday. Intel Co. has a twelve month low of $33.23 and a twelve month high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $215,982.00, a price-to-earnings ratio of 22.48, a P/E/G ratio of 1.56 and a beta of 1.07.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same period last year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. analysts predict that Intel Co. will post 3.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 55.05%.
In related news, EVP Navin Shenoy sold 716 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00. Following the sale, the executive vice president now directly owns 21,135 shares in the company, valued at $1,040,898.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 3,072 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.10, for a total transaction of $144,691.20. Following the sale, the chief executive officer now owns 256,094 shares in the company, valued at $12,062,027.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 931,253 shares of company stock worth $41,320,793. 0.08% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on INTC shares. Stifel Nicolaus raised their price objective on shares of Intel from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the company a “sell” rating in a research note on Friday, October 27th. Instinet raised their price objective on shares of Intel to $50.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have given a buy rating to the stock. Intel presently has a consensus rating of “Buy” and a consensus target price of $49.10.
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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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