Toth Financial Advisory Corp trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,634 shares of the chip maker’s stock after selling 1,777 shares during the period. Toth Financial Advisory Corp’s holdings in Intel were worth $1,625,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SignalPoint Asset Management LLC boosted its position in shares of Intel by 1.6% in the 4th quarter. SignalPoint Asset Management LLC now owns 14,800 shares of the chip maker’s stock worth $694,000 after purchasing an additional 227 shares during the last quarter. Wealth Architects LLC boosted its position in shares of Intel by 0.8% in the 4th quarter. Wealth Architects LLC now owns 31,613 shares of the chip maker’s stock worth $1,484,000 after purchasing an additional 246 shares during the last quarter. Home Federal Bank of Tennessee boosted its position in shares of Intel by 1.1% in the 4th quarter. Home Federal Bank of Tennessee now owns 23,524 shares of the chip maker’s stock worth $1,104,000 after purchasing an additional 247 shares during the last quarter. Endurance Wealth Management Inc. boosted its position in shares of Intel by 1.0% in the 4th quarter. Endurance Wealth Management Inc. now owns 24,654 shares of the chip maker’s stock worth $1,157,000 after purchasing an additional 250 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its position in shares of Intel by 3.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 8,761 shares of the chip maker’s stock worth $414,000 after purchasing an additional 257 shares during the last quarter. 64.69% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on INTC shares. Goldman Sachs Group restated a “sell” rating and issued a $44.00 price target on shares of Intel in a research report on Tuesday, January 8th. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price target on shares of Intel in a research report on Friday, January 25th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, March 27th. BidaskClub upgraded Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Finally, Sanford C. Bernstein set a $42.00 price target on Intel and gave the stock a “sell” rating in a research report on Friday, January 25th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.10.
In other news, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the sale, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,431 shares of company stock worth $3,500,497. Corporate insiders own 0.03% of the company’s stock.
INTC stock opened at $56.28 on Tuesday. The stock has a market cap of $263.95 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. Intel Co. has a 1-year low of $42.36 and a 1-year high of $57.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $18.66 billion for the quarter, compared to analyst estimates of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. Analysts predict that Intel Co. will post 4.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.24%. Intel’s dividend payout ratio (DPR) is 27.51%.
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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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