Nwam LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,033 shares of the chip maker’s stock after purchasing an additional 1,564 shares during the period. Nwam LLC’s holdings in Intel were worth $1,753,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Intel by 64.0% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 656 shares of the chip maker’s stock valued at $34,000 after acquiring an additional 256 shares during the period. Shore Point Advisors LLC acquired a new stake in Intel during the 4th quarter worth about $42,000. Fortis Advisors LLC acquired a new stake in Intel during the 3rd quarter worth about $45,000. Level Financial Advisors Inc. acquired a new stake in Intel during the 4th quarter worth about $45,000. Finally, AHL Investment Management Inc. acquired a new stake in Intel during the 4th quarter worth about $55,000. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO David Zinsner bought 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was purchased at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the acquisition, the chief financial officer now owns 8,803 shares of the company’s stock, valued at $393,758.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger bought 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was bought at an average price of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. Insiders have bought a total of 22,125 shares of company stock valued at $991,265 in the last 90 days. Insiders own 0.02% of the company’s stock.
Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 EPS. As a group, research analysts expect that Intel Co. will post 3.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.39%. Intel’s dividend payout ratio is currently 24.25%.
Several equities research analysts have weighed in on INTC shares. Deutsche Bank Aktiengesellschaft set a $55.00 price target on Intel in a research report on Friday, February 18th. Citigroup cut their price target on Intel from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. The Goldman Sachs Group set a $41.00 target price on shares of Intel in a research note on Monday, March 28th. DZ Bank lowered shares of Intel from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Thursday, February 24th. Finally, Bank of America lowered their target price on shares of Intel from $55.00 to $52.00 and set an “underperform” rating on the stock in a research note on Thursday, January 27th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $53.82.
Intel Profile (Get Rating)
Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.
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