Bradley Foster & Sargent Inc. CT Has $4.78 Million Stake in Intel Co. (INTC)
Bradley Foster & Sargent Inc. CT lessened its position in Intel Co. (NASDAQ:INTC) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,075 shares of the chip maker’s stock after selling 4,392 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Intel were worth $4,780,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of INTC. Toth Financial Advisory Corp boosted its position in shares of Intel by 11.1% during the second quarter. Toth Financial Advisory Corp now owns 34,623 shares of the chip maker’s stock valued at $1,721,000 after buying an additional 3,459 shares during the last quarter. Private Asset Management Inc. boosted its position in shares of Intel by 0.9% during the second quarter. Private Asset Management Inc. now owns 365,795 shares of the chip maker’s stock valued at $18,184,000 after buying an additional 3,192 shares during the last quarter. Naples Global Advisors LLC boosted its position in shares of Intel by 2.9% during the second quarter. Naples Global Advisors LLC now owns 78,269 shares of the chip maker’s stock valued at $3,891,000 after buying an additional 2,242 shares during the last quarter. Intl Fcstone Inc. boosted its position in shares of Intel by 49.7% during the second quarter. Intl Fcstone Inc. now owns 13,209 shares of the chip maker’s stock valued at $657,000 after buying an additional 4,383 shares during the last quarter. Finally, Mechanics Bank Trust Department boosted its position in shares of Intel by 1.4% during the second quarter. Mechanics Bank Trust Department now owns 79,954 shares of the chip maker’s stock valued at $3,975,000 after buying an additional 1,086 shares during the last quarter. 64.18% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on INTC. Needham & Company LLC cut Intel from a “buy” rating to a “hold” rating and cut their target price for the company from $58.00 to $50.00 in a research report on Friday. Northland Securities dropped their price target on Intel to $38.00 and set an “underperform” rating on the stock in a report on Friday. Charter Equity reiterated a “mkt perform” rating on shares of Intel in a report on Friday. Royal Bank of Canada dropped their price target on Intel to $50.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Susquehanna Bancshares reiterated a “neutral” rating on shares of Intel in a report on Friday. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.74.
Shares of INTC opened at $47.04 on Friday. The firm has a market capitalization of $225.82 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51. Intel Co. has a 1 year low of $42.04 and a 1 year high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.06. The firm had revenue of $18.66 billion for the quarter, compared to analyst estimates of $19.02 billion. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. Research analysts anticipate that Intel Co. will post 4.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be paid a $0.315 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 2.68%. Intel’s payout ratio is presently 34.68%.
Intel declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
Intel Company Profile
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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