Taylor Hoffman Wealth Management raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,266 shares of the chip maker’s stock after acquiring an additional 1,230 shares during the period. Taylor Hoffman Wealth Management’s holdings in Intel were worth $787,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of INTC. Ogorek Anthony Joseph NY ADV increased its position in shares of Intel by 500.0% in the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of Intel by 273.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock valued at $45,000 after buying an additional 2,442 shares in the last quarter. Next Capital Management LLC bought a new stake in shares of Intel in the 2nd quarter valued at $48,000. Intercontinental Wealth Advisors LLC increased its position in shares of Intel by 83.0% in the 3rd quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock valued at $51,000 after buying an additional 450 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its position in shares of Intel by 117.4% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock valued at $52,000 after buying an additional 540 shares in the last quarter. Institutional investors own 67.21% of the company’s stock.
In other Intel news, CEO Robert Holmes Swan bought 10,918 shares of the stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $45.70 per share, with a total value of $498,952.60. Following the completion of the acquisition, the chief executive officer now owns 168,955 shares of the company’s stock, valued at $7,721,243.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO George S. Davis bought 5,458 shares of the stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of $45.70 per share, for a total transaction of $249,430.60. Following the completion of the acquisition, the chief financial officer now directly owns 13,276 shares of the company’s stock, valued at approximately $606,713.20. The disclosure for this purchase can be found here. Insiders have sold 17,482 shares of company stock worth $911,044 over the last ninety days. Insiders own 0.02% of the company’s stock.
A number of analysts recently commented on the stock. Wells Fargo & Co upped their price objective on shares of Intel from $55.00 to $58.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Roth Capital set a $60.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Friday, July 26th. Wedbush upped their target price on shares of Intel from $42.90 to $46.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Citigroup reaffirmed a “neutral” rating and issued a $53.00 target price (up from $50.00) on shares of Intel in a research note on Friday, July 26th. Finally, Barclays upped their target price on shares of Intel from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $55.81.
Shares of Intel stock traded up $0.22 during trading hours on Friday, reaching $58.27. 11,888,800 shares of the company’s stock were exchanged, compared to its average volume of 22,595,813. Intel Co. has a fifty-two week low of $42.86 and a fifty-two week high of $59.59. The company has a 50 day moving average of $52.89 and a two-hundred day moving average of $49.43. The stock has a market cap of $250.34 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 24th. The chip maker reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.07 billion. During the same period last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts expect that Intel Co. will post 4.61 earnings per share for the current fiscal year.
Intel declared that its Board of Directors has approved a stock buyback program on Thursday, October 24th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently announced a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a dividend yield of 2.4%. Intel’s dividend payout ratio is presently 27.51%.
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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