Beacon Pointe Wealth Advisors LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, Holdings Channel reports. The firm acquired 16,007 shares of the chip maker’s stock, valued at approximately $749,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in INTC. Tributary Capital Management LLC acquired a new stake in Intel during the 4th quarter valued at approximately $28,000. Tortoise Investment Management LLC lifted its stake in Intel by 86.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 580 shares during the period. Ruggie Capital Group increased its holdings in shares of Intel by 247.0% during the 4th quarter. Ruggie Capital Group now owns 1,440 shares of the chip maker’s stock valued at $68,000 after purchasing an additional 1,025 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $84,000. Finally, Lenox Wealth Management Inc. increased its holdings in shares of Intel by 14.8% during the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock valued at $105,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
In other Intel news, EVP Navin Shenoy sold 14,493 shares of Intel stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total transaction of $768,563.79. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of Intel stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,802 shares of company stock worth $5,317,254. 0.02% of the stock is currently owned by corporate insiders.
Shares of NASDAQ INTC opened at $44.46 on Wednesday. The firm has a market capitalization of $210.01 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.40 and a beta of 0.75. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. Intel Co. has a one year low of $42.36 and a one year high of $59.59.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. The company had revenue of $16.10 million during the quarter, compared to analyst estimates of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. Equities research analysts expect that Intel Co. will post 4.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.83%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
INTC has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 target price on shares of Intel in a report on Friday, April 26th. Deutsche Bank cut their target price on shares of Intel from $62.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Wells Fargo & Co cut their target price on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, May 9th. Argus lowered shares of Intel from a “buy” rating to a “hold” rating and set a $52.43 target price for the company. in a report on Monday, April 29th. Finally, Daiwa Capital Markets lowered shares of Intel from an “outperform” rating to a “neutral” rating in a report on Monday, April 29th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. Intel presently has a consensus rating of “Hold” and a consensus price target of $54.23.
COPYRIGHT VIOLATION WARNING: This story was reported by Macon Daily and is the sole property of of Macon Daily. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://macondaily.com/2019/05/22/16007-shares-in-intel-co-intc-acquired-by-beacon-pointe-wealth-advisors-llc.html.
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.
Read More: How to Invest in a Bull Market
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.