TrimTabs Asset Management LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,605 shares of the chip maker’s stock, valued at approximately $1,142,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. United Bank boosted its holdings in shares of Intel by 9.8% in the 3rd quarter. United Bank now owns 32,301 shares of the chip maker’s stock worth $1,673,000 after purchasing an additional 2,877 shares in the last quarter. Wealth Alliance boosted its holdings in shares of Intel by 9.7% in the 3rd quarter. Wealth Alliance now owns 16,308 shares of the chip maker’s stock worth $844,000 after purchasing an additional 1,439 shares in the last quarter. Weld Capital Management LLC boosted its holdings in shares of Intel by 141.1% in the 3rd quarter. Weld Capital Management LLC now owns 8,867 shares of the chip maker’s stock worth $459,000 after purchasing an additional 5,189 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of Intel in the 3rd quarter worth about $727,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Intel in the 3rd quarter worth about $20,680,000. 63.25% of the stock is owned by institutional investors.
INTC stock traded up $0.41 on Thursday, reaching $66.66. 453,622 shares of the company traded hands, compared to its average volume of 36,173,594. Intel Co. has a one year low of $43.61 and a one year high of $67.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.24. The company has a market cap of $271.46 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The firm has a fifty day simple moving average of $62.88 and a 200-day simple moving average of $54.07.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Wednesday, January 20th. The chip maker reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.42. Intel had a return on equity of 29.44% and a net margin of 28.10%. The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $17.47 billion. During the same quarter last year, the company earned $1.52 EPS. On average, sell-side analysts forecast that Intel Co. will post 4.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be given a dividend of $0.3475 per share. This represents a $1.39 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is presently 28.54%.
In other Intel news, CEO Robert Holmes Swan bought 27,244 shares of the business’s stock in a transaction on Monday, January 25th. The shares were acquired at an average cost of $55.57 per share, for a total transaction of $1,513,949.08. Following the purchase, the chief executive officer now owns 330,774 shares in the company, valued at approximately $18,381,111.18. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO George S. Davis bought 9,095 shares of the business’s stock in a transaction on Tuesday, January 26th. The shares were acquired at an average price of $55.34 per share, for a total transaction of $503,317.30. Following the completion of the purchase, the chief financial officer now owns 71,223 shares in the company, valued at approximately $3,941,480.82. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on Intel from $38.00 to $42.00 and gave the company a “sell” rating in a report on Monday, December 14th. Bank of America restated a “sell” rating and set a $62.00 target price on shares of Intel in a report on Tuesday, March 30th. Wedbush increased their target price on Intel from $48.00 to $53.00 and gave the company an “underperform” rating in a report on Friday, January 22nd. Loop Capital increased their target price on Intel from $50.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, March 30th. Finally, JPMorgan Chase & Co. set a $80.00 target price on Intel and gave the company a “buy” rating in a report on Wednesday. Eleven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the stock. Intel currently has an average rating of “Hold” and a consensus target price of $63.64.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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