Monetary Management Group Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,792 shares of the chip maker’s stock after selling 5,175 shares during the period. Monetary Management Group Inc.’s holdings in Intel were worth $1,334,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. R.H. Dinel Investment Counsel Inc. raised its stake in shares of Intel by 27.8% in the third quarter. R.H. Dinel Investment Counsel Inc. now owns 53,500 shares of the chip maker’s stock worth $2,020,000 after buying an additional 11,625 shares in the last quarter. Bremer Trust National Association raised its stake in shares of Intel by 1.9% in the third quarter. Bremer Trust National Association now owns 133,808 shares of the chip maker’s stock worth $5,051,000 after buying an additional 2,488 shares in the last quarter. First American Bank raised its position in shares of Intel by 24.3% in the third quarter. First American Bank now owns 183,821 shares of the chip maker’s stock worth $6,939,000 after buying an additional 35,957 shares during the period. Atalanta Sosnoff Capital LLC acquired a new position in shares of Intel during the third quarter worth approximately $361,000. Finally, Peachtree Investment Advisors Inc. raised its position in shares of Intel by 0.8% in the third quarter. Peachtree Investment Advisors Inc. now owns 52,047 shares of the chip maker’s stock worth $1,965,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 65.90% of the company’s stock.
Intel Co. (NASDAQ:INTC) traded up 0.39% during trading on Friday, hitting $36.32. 6,946,068 shares of the company were exchanged. The stock has a market capitalization of $171.72 billion, a PE ratio of 17.13 and a beta of 1.03. Intel Co. has a 1-year low of $29.50 and a 1-year high of $38.45. The firm’s 50 day moving average price is $35.64 and its 200-day moving average price is $35.99.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The business earned $16.40 billion during the quarter, compared to analysts’ expectations of $15.75 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Equities analysts predict that Intel Co. will post $2.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, May 3rd. This is a boost from Intel’s previous quarterly dividend of $0.26. Intel’s dividend payout ratio (DPR) is presently 49.29%.
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INTC has been the topic of a number of recent research reports. Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Tuesday, February 28th. BNP Paribas set a $39.00 target price on shares of Intel and gave the company a “hold” rating in a report on Saturday, January 28th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $38.98 target price on the stock. in a report on Thursday, February 9th. Susquehanna Bancshares Inc restated a “positive” rating on shares of Intel in a report on Monday, January 30th. Finally, Canaccord Genuity restated a “buy” rating and issued a $43.00 target price on shares of Intel in a report on Thursday, January 19th. They noted that the move was a valuation call. Six 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 company. Intel has an average rating of “Hold” and a consensus price target of $40.22.
In other news, EVP Diane M. Bryant sold 2,766 shares of Intel 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 completion of the transaction, the executive vice president now owns 106,566 shares in the company, valued at approximately $4,005,815.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 549,091 shares of the company’s stock, valued at approximately $19,333,494.11. The disclosure for this sale can be found here. Insiders sold a total of 164,475 shares of company stock valued at $5,929,732 in the last quarter. Company insiders own 0.09% of the company’s stock.
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).
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