ERTS Wealth Advisors LLC lowered its holdings in Intel Co. (NASDAQ:INTC) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,609 shares of the chip maker’s stock after selling 450 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in Intel were worth $396,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in Intel by 38.4% during the fourth quarter. AlphaMark Advisors LLC now owns 1,085 shares of the chip maker’s stock worth $65,000 after purchasing an additional 301 shares during the period. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Intel by 0.5% in the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 486,052 shares of the chip maker’s stock valued at $29,090,000 after purchasing an additional 2,320 shares in the last quarter. Alhambra Investment Partners LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $870,000. Soltis Investment Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $597,000. Finally, Ambassador Advisors LLC acquired a new position in shares of Intel in the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 66.61% of the company’s stock.
In related news, VP Kevin Thomas Mcbride sold 1,090 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $65.88, for a total value of $71,809.20. Following the completion of the sale, the vice president now owns 16,150 shares in the company, valued at approximately $1,063,962. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 3,685 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $65.72, for a total transaction of $242,178.20. Following the completion of the sale, the executive vice president now owns 56,099 shares of the company’s stock, valued at approximately $3,686,826.28. The disclosure for this sale can be found here. Insiders have sold a total of 37,243 shares of company stock valued at $2,214,260 in the last 90 days. Insiders own 0.02% of the company’s stock.
A number of research analysts recently weighed in on the stock. Roth Capital lifted their price objective on shares of Intel from $60.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 24th. BNP Paribas upgraded shares of Intel from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, February 28th. Morgan Stanley dropped their price objective on shares of Intel from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Finally, Nomura lifted their price objective on shares of Intel from $65.00 to $74.00 and gave the company a “buy” rating in a report on Friday, January 24th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Intel has a consensus rating of “Hold” and a consensus price target of $65.08.
Shares of INTC traded up $3.04 during trading on Thursday, reaching $54.30. 19,073,505 shares of the company traded hands, compared to its average volume of 44,815,496. Intel Co. has a twelve month low of $42.86 and a twelve month high of $69.29. The stock has a market cap of $224.11 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The stock has a 50-day simple moving average of $58.45 and a 200-day simple moving average of $57.08. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.33.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 23rd. The chip maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.25 by $0.27. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $19.23 billion. Intel had a net margin of 29.25% and a return on equity of 29.01%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS. On average, equities research analysts predict that Intel Co. will post 4.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, May 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.43%. Intel’s dividend payout ratio is presently 27.10%.
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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