WealthTrust Axiom LLC boosted its stake in Intel (NASDAQ:INTC) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,349 shares of the chip maker’s stock after buying an additional 1,581 shares during the quarter. Intel makes up 2.5% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 6th largest holding. WealthTrust Axiom LLC’s holdings in Intel were worth $6,755,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goodman Financial Corp purchased a new stake in Intel in the 4th quarter valued at $102,000. Financial Engines Advisors L.L.C. purchased a new stake in Intel in the 3rd quarter valued at $119,000. Acrospire Investment Management LLC raised its position in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the last quarter. Delphi Private Advisors LLC raised its position in Intel by 286.1% in the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on INTC. Barclays increased their price target on Intel from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America reaffirmed a “buy” rating and set a $65.00 target price on shares of Intel in a research report on Wednesday. Vetr lowered Intel from a “buy” rating to a “hold” rating and set a $54.70 target price for the company. in a research report on Wednesday. Macquarie reaffirmed a “buy” rating and set a $58.00 target price on shares of Intel in a research report on Thursday, April 12th. Finally, ValuEngine raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.10.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The firm 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%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. equities analysts forecast that Intel will post 3.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $75,371.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction dated Wednesday, January 24th. The shares were 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 approximately $11,808,957.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.03% of the company’s stock.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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