Carroll Financial Associates Inc. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,699 shares of the chip maker’s stock after buying an additional 983 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Intel were worth $1,171,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Intel in the second quarter worth $204,242,000. Robecosam AG raised its stake in shares of Intel by 28.1% in the second quarter. Robecosam AG now owns 745,099 shares of the chip maker’s stock worth $36,696,000 after purchasing an additional 163,442 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Intel by 15.9% in the second quarter. Standard Life Aberdeen plc now owns 4,429,774 shares of the chip maker’s stock worth $220,271,000 after purchasing an additional 606,796 shares during the last quarter. Cumberland Partners Ltd purchased a new position in shares of Intel in the second quarter worth $398,000. Finally, CIBC Asset Management Inc raised its stake in shares of Intel by 2.6% in the second quarter. CIBC Asset Management Inc now owns 606,775 shares of the chip maker’s stock worth $30,163,000 after purchasing an additional 15,488 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.
In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the sale, the vice president now owns 8,274 shares of the company’s stock, valued at $424,704.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 1,821 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $46.74, for a total value of $85,113.54. Following the sale, the executive vice president now directly owns 52,693 shares of the company’s stock, valued at approximately $2,462,870.82. The disclosure for this sale can be found here. Insiders have sold 40,261 shares of company stock valued at $2,116,147 in the last three months. 0.03% of the stock is currently owned by corporate insiders.
NASDAQ:INTC opened at $53.26 on Friday. Intel Co. has a 52-week low of $42.36 and a 52-week high of $57.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.73 and a quick ratio of 1.30. The stock has a market cap of $255.62 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.44 and a beta of 0.79.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. Intel had a return on equity of 30.08% and a net margin of 29.72%. The business had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Intel’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that Intel Co. will post 4.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is presently 27.51%.
Several research analysts have recently weighed in on the company. UBS Group cut Intel from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Evercore ISI decreased their price target on Intel from $54.00 to $50.00 and set a “positive” rating for the company in a research note on Monday, January 14th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research lowered Intel from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.33.
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Intel Company Profile
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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