Navellier & Associates Inc. decreased its holdings in Intel Co. (NASDAQ:INTC – Get Rating) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,108 shares of the chip maker’s stock after selling 800 shares during the quarter. Navellier & Associates Inc.’s holdings in Intel were worth $727,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. lifted its position in Intel by 4.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock worth $3,987,000 after buying an additional 3,565 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Intel by 1.9% during the fourth quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock worth $10,456,000 after buying an additional 3,774 shares during the period. Abundance Wealth Counselors purchased a new stake in shares of Intel during the fourth quarter worth approximately $1,958,000. Aries Wealth Management increased its stake in shares of Intel by 569.8% during the fourth quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock worth $10,452,000 after buying an additional 172,643 shares during the period. Finally, SOL Capital Management CO boosted its holdings in Intel by 11.5% in the fourth quarter. SOL Capital Management CO now owns 45,896 shares of the chip maker’s stock valued at $2,364,000 after purchasing an additional 4,725 shares in the last quarter. Institutional investors and hedge funds own 62.74% of the company’s stock.
Several research firms have recently weighed in on INTC. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on Intel in a report on Friday, February 18th. Morgan Stanley cut Intel from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $55.00 to $47.00 in a research report on Thursday, March 3rd. Barclays set a $45.00 price target on shares of Intel in a report on Friday, April 29th. Truist Financial reduced their price target on shares of Intel from $53.00 to $49.00 in a report on Friday, April 8th. Finally, Sanford C. Bernstein set a $40.00 target price on shares of Intel in a research note on Friday, April 29th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $53.54.
Shares of NASDAQ INTC opened at $43.45 on Friday. The stock has a fifty day moving average price of $46.17 and a two-hundred day moving average price of $48.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.13. The firm has a market cap of $177.67 billion, a P/E ratio of 7.22, a PEG ratio of 1.59 and a beta of 0.61. Intel Co. has a 1 year low of $40.31 and a 1 year high of $58.42.
Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Intel had a return on equity of 21.67% and a net margin of 31.68%. The company had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, research analysts predict that Intel Co. will post 3.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.36%. Intel’s dividend payout ratio (DPR) is presently 24.25%.
About Intel (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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