Front Row Advisors LLC Acquires Shares of 54,185 Intel Co. (INTC)
Front Row Advisors LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 54,185 shares of the chip maker’s stock, valued at approximately $2,501,000. Intel makes up about 2.0% of Front Row Advisors LLC’s investment portfolio, making the stock its 5th biggest holding.
Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors lifted its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares during the period. Capital World Investors lifted its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares during the period. Capital International Investors bought a new position in shares of Intel during the 3rd quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. lifted its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares during the period. 69.02% of the stock is currently owned by institutional investors.
In other Intel news, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $436,423.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 8,659 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the completion of the transaction, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,914 shares of company stock valued at $6,011,490. Insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. equities research analysts anticipate that Intel Co. will post 3.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. Intel’s payout ratio is 34.68%.
Several equities analysts recently commented on INTC shares. JPMorgan Chase set a $53.00 target price on Intel and gave the stock a “buy” rating in a research report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research report on Thursday, January 4th. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Stifel Nicolaus lifted their price objective on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price objective on Intel and gave the company a “buy” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.87.
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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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