BKD Wealth Advisors LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,283 shares of the chip maker’s stock after purchasing an additional 1,716 shares during the period. BKD Wealth Advisors LLC’s holdings in Intel were worth $2,783,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Beach Investment Management LLC. purchased a new stake in Intel during the 2nd quarter worth approximately $371,000. Welch Group LLC increased its stake in Intel by 9.5% during the 2nd quarter. Welch Group LLC now owns 495,782 shares of the chip maker’s stock worth $16,728,000 after buying an additional 42,912 shares in the last quarter. Lincoln National Corp increased its stake in Intel by 10.7% during the 2nd quarter. Lincoln National Corp now owns 25,118 shares of the chip maker’s stock worth $847,000 after buying an additional 2,436 shares in the last quarter. Strategy Asset Managers LLC increased its stake in Intel by 63.6% during the 2nd quarter. Strategy Asset Managers LLC now owns 11,586 shares of the chip maker’s stock worth $391,000 after buying an additional 4,506 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in Intel by 10.3% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 61,011 shares of the chip maker’s stock worth $2,059,000 after buying an additional 5,717 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
INTC has been the subject of several research reports. JPMorgan Chase & Co. set a $53.00 price objective on Intel and gave the stock a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Stifel Nicolaus boosted their price objective on Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird set a $60.00 target price on Intel and gave the stock a “buy” rating in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Intel currently has a consensus rating of “Buy” and an average target price of $50.17.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. equities research analysts expect that Intel Co. will post 3.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, May 4th. Intel’s payout ratio is 60.61%.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $436,423.89. The disclosure for this sale can be found here. In the last three months, insiders sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by corporate insiders.
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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