Davidson & Garrard Inc. Sells 4,958 Shares of Intel Co. (NASDAQ:INTC)

Davidson & Garrard Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,874 shares of the chip maker’s stock after selling 4,958 shares during the period. Intel makes up approximately 1.4% of Davidson & Garrard Inc.’s investment portfolio, making the stock its 22nd biggest position. Davidson & Garrard Inc.’s holdings in Intel were worth $6,012,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. bought a new stake in Intel during the third quarter worth $119,000. Oak Associates Ltd. OH lifted its stake in Intel by 0.4% during the third quarter. Oak Associates Ltd. OH now owns 577,401 shares of the chip maker’s stock worth $21,987,000 after purchasing an additional 2,062 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Intel by 7.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 460,551 shares of the chip maker’s stock worth $17,538,000 after purchasing an additional 31,366 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO lifted its stake in Intel by 5.5% during the third quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 132,635 shares of the chip maker’s stock worth $5,051,000 after purchasing an additional 6,921 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in Intel by 10.3% during the third quarter. Mascoma Wealth Management LLC now owns 52,153 shares of the chip maker’s stock worth $1,986,000 after purchasing an additional 4,864 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.

Intel Co. (INTC) traded up $0.92 during midday trading on Thursday, reaching $45.38. The company had a trading volume of 19,920,500 shares, compared to its average volume of 39,752,125. The firm has a market capitalization of $213,550.00, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.51 and a beta of 1.07. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.85. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. sell-side analysts anticipate that Intel Co. will post 3.51 earnings per share 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is presently 60.61%.

Several equities research analysts have weighed in on the company. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 target price for the company. in a research note on Tuesday. Citigroup assumed coverage on Intel in a research note on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price for the company. Royal Bank of Canada restated a “neutral” rating and set a $46.00 target price on shares of Intel in a research note on Friday, January 26th. Macquarie set a $55.00 target price on Intel and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus upped their target price on Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. Intel currently has a consensus rating of “Buy” and a consensus price target of $49.33.

In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 in the last ninety days. Insiders own 0.08% of the company’s stock.

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Intel 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).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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