WESPAC Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,805 shares of the chip maker’s stock after selling 3,792 shares during the quarter. Intel makes up approximately 2.1% of WESPAC Advisors LLC’s portfolio, making the stock its 18th largest holding. WESPAC Advisors LLC’s holdings in Intel were worth $2,150,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Keeler Thomas Management LLC raised its holdings in Intel by 130.7% in the 3rd quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock valued at $654,000 after acquiring an additional 7,730 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in Intel by 27.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock valued at $1,350,000 after acquiring an additional 6,225 shares during the last quarter. SVA Plumb Wealth Management LLC raised its holdings in Intel by 4.0% in the 3rd quarter. SVA Plumb Wealth Management LLC now owns 78,431 shares of the chip maker’s stock valued at $3,709,000 after acquiring an additional 3,025 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in Intel in the 3rd quarter valued at about $223,000. Finally, Capital Investment Advisors LLC raised its holdings in Intel by 3.5% in the 4th quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock valued at $15,607,000 after acquiring an additional 11,278 shares during the last quarter. 64.80% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:INTC opened at $45.62 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. The company has a market cap of $209.40 billion, a P/E ratio of 9.96, a P/E/G ratio of 1.40 and a beta of 0.75. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. As a group, equities analysts forecast that Intel Co. will post 4.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.76%. Intel’s payout ratio is currently 27.51%.
In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total value of $26,588.94. Following the completion of the transaction, the vice president now owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 directly owns 76,855 shares of the company’s stock, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. Insiders have sold a total of 100,320 shares of company stock valued at $5,343,843 in the last ninety days. 0.02% of the stock is currently owned by corporate insiders.
A number of research firms have commented on INTC. New Street Research set a $65.00 price objective on shares of Intel and gave the company a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank cut their price objective on shares of Intel from $65.00 to $62.00 and set a “buy” rating for the company in a report on Friday, April 26th. Royal Bank of Canada reiterated an “underperform” rating and issued a $41.00 price objective on shares of Intel in a report on Monday. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price objective on shares of Intel in a report on Friday, April 26th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the company. Intel currently has a consensus rating of “Hold” and an average price target of $54.23.
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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