Exencial Wealth Advisors LLC grew its stake in shares of Intel (NASDAQ:INTC) by 14.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,102 shares of the chip maker’s stock after buying an additional 2,480 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Intel were worth $928,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Goodman Financial Corp purchased a new stake in Intel in the fourth quarter worth $102,000. Delphi Private Advisors LLC lifted its stake in Intel by 286.1% in the fourth quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock worth $134,000 after acquiring an additional 2,157 shares during the period. First Dallas Securities Inc. purchased a new stake in Intel in the fourth quarter worth $144,000. Financial Engines Advisors L.L.C. purchased a new stake in Intel in the third quarter worth $119,000. Finally, Keeler Thomas Management LLC purchased a new stake in Intel in the fourth quarter worth $176,000. 68.23% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Navin Shenoy sold 8,967 shares of Intel stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $436,423.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of Intel stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the transaction, the vice president now directly owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,301 shares of company stock valued at $4,785,697. Corporate insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 26th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. sell-side analysts expect that Intel will post 3.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. Intel’s dividend payout ratio is currently 34.68%.
A number of analysts recently commented on the company. Needham & Company LLC raised their price target on Intel from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Cowen started coverage on Intel in a research report on Thursday. They set a “market perform” rating and a $55.00 price objective for the company. SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Vetr lowered Intel from a “buy” rating to a “hold” rating and set a $54.70 price objective for the company. in a research report on Wednesday, April 18th. Finally, Wells Fargo reissued a “buy” rating and set a $55.00 price objective on shares of Intel in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.28.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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