Smith Shellnut Wilson LLC ADV bought a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,140 shares of the chip maker’s stock, valued at approximately $295,000.
Other hedge funds have also recently bought and sold shares of the company. Diligent Investors LLC purchased a new stake in Intel during the fourth quarter valued at about $2,860,000. Northwest Quadrant Wealth Management LLC purchased a new stake in Intel during the fourth quarter valued at about $545,000. Stelliam Investment Management LP boosted its stake in Intel by 2.0% in the fourth quarter. Stelliam Investment Management LP now owns 2,117,500 shares of the chip maker’s stock valued at $76,802,000 after buying an additional 42,500 shares in the last quarter. Exchange Capital Management Inc. boosted its stake in Intel by 1.6% in the fourth quarter. Exchange Capital Management Inc. now owns 61,672 shares of the chip maker’s stock valued at $2,237,000 after buying an additional 953 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Intel during the fourth quarter valued at about $6,604,000. Institutional investors and hedge funds own 65.90% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) traded up 0.39% on Friday, reaching $36.32. The company’s stock had a trading volume of 20,390,513 shares. Intel Co. has a 1-year low of $29.50 and a 1-year high of $38.45. The company has a 50 day moving average of $35.65 and a 200 day moving average of $35.98. The stock has a market capitalization of $171.72 billion, a P/E ratio of 17.13 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, May 3rd. This is an increase from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a yield of 3.00%. Intel’s dividend payout ratio is 49.29%.
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Several equities analysts recently commented on INTC shares. Vetr lowered shares of Intel from a “hold” rating to a “sell” rating and set a $35.07 target price on the stock. in a report on Thursday. Wells Fargo & Co reissued an “outperform” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday. Royal Bank of Canada reissued a “hold” rating and set a $37.00 price target on shares of Intel in a research report on Monday, April 17th. Zacks Investment Research cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Finally, Mizuho reaffirmed a “buy” rating and issued a $42.00 target price on shares of Intel in a research report on Tuesday, April 11th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.45.
In other news, EVP Diane M. Bryant sold 2,766 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $37.59, for a total value of $103,973.94. Following the transaction, the executive vice president now directly owns 106,566 shares in the company, valued at approximately $4,005,815.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,172 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $35.21, for a total value of $2,541,176.12. Following the completion of the transaction, the chief executive officer now owns 549,091 shares in the company, valued at $19,333,494.11. The disclosure for this sale can be found here. Insiders have sold 164,475 shares of company stock worth $5,929,732 over the last quarter. 0.09% of the stock is currently owned by company insiders.
Intel Company 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).
