Hilltop Holdings Inc. Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Hilltop Holdings Inc. lowered its holdings in Intel Co. (NASDAQ:INTCGet Rating) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,350 shares of the chip maker’s stock after selling 20,893 shares during the period. Hilltop Holdings Inc.’s holdings in Intel were worth $2,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INTC. Garrett Investment Advisors LLC increased its stake in Intel by 1.3% during the 4th quarter. Garrett Investment Advisors LLC now owns 15,090 shares of the chip maker’s stock valued at $777,000 after purchasing an additional 192 shares in the last quarter. Sax Wealth Advisors LLC raised its position in shares of Intel by 1.9% during the third quarter. Sax Wealth Advisors LLC now owns 10,752 shares of the chip maker’s stock valued at $573,000 after buying an additional 200 shares during the last quarter. Mount Vernon Associates Inc. MD increased its position in Intel by 0.5% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 43,737 shares of the chip maker’s stock worth $2,252,000 after purchasing an additional 200 shares during the last quarter. Capital One Financial Corp increased its position in Intel by 1.3% in the fourth quarter. Capital One Financial Corp now owns 15,773 shares of the chip maker’s stock worth $812,000 after purchasing an additional 204 shares during the last quarter. Finally, Johnson Midwest Financial LLC boosted its stake in Intel by 6.7% during the fourth quarter. Johnson Midwest Financial LLC now owns 3,371 shares of the chip maker’s stock worth $174,000 after buying an additional 211 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on INTC. Wedbush reissued an “underperform” rating and set a $45.00 target price on shares of Intel in a research note on Thursday, April 21st. Bank of America lowered their price objective on shares of Intel from $55.00 to $52.00 and set an “underperform” rating for the company in a research note on Thursday, January 27th. Zacks Investment Research upgraded Intel from a “sell” rating to a “hold” rating and set a $46.00 target price on the stock in a research report on Monday, May 2nd. Mizuho decreased their target price on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Finally, Raymond James raised Intel from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. Eight research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $53.54.

NASDAQ:INTC traded down $0.72 during trading hours on Tuesday, reaching $41.28. 546,031 shares of the stock were exchanged, compared to its average volume of 38,294,633. The company has a quick ratio of 1.73, a current ratio of 2.13 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $46.44 and a 200-day simple moving average of $48.75. Intel Co. has a 52 week low of $40.31 and a 52 week high of $58.42. The stock has a market capitalization of $168.79 billion, a P/E ratio of 6.91, a P/E/G ratio of 1.59 and a beta of 0.61.

Intel (NASDAQ:INTCGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $18.40 billion for the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a return on equity of 21.67% and a net margin of 31.68%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. As a group, analysts expect that Intel Co. will post 3.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Saturday, May 7th will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, May 5th. Intel’s payout ratio is 24.25%.

In related news, CFO David Zinsner acquired 5,500 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were purchased at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the acquisition, the chief financial officer now owns 8,803 shares in the company, valued at $393,758.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.02% of the stock is currently owned by insiders.

Intel Company Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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