Catalyst Capital Advisors LLC raised its position in Intel Co. (NASDAQ:INTC – Get Rating) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,666 shares of the chip maker’s stock after purchasing an additional 2,310 shares during the period. Catalyst Capital Advisors LLC’s holdings in Intel were worth $1,889,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. increased its stake in Intel by 4.8% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 77,420 shares of the chip maker’s stock valued at $3,987,000 after purchasing an additional 3,565 shares in the last quarter. Achmea Investment Management B.V. increased its stake in Intel by 0.8% in the third quarter. Achmea Investment Management B.V. now owns 345,126 shares of the chip maker’s stock valued at $18,388,000 after purchasing an additional 2,862 shares in the last quarter. Trust Co. of Vermont increased its stake in Intel by 1.9% in the fourth quarter. Trust Co. of Vermont now owns 203,023 shares of the chip maker’s stock valued at $10,456,000 after purchasing an additional 3,774 shares in the last quarter. Abundance Wealth Counselors bought a new stake in Intel in the fourth quarter valued at approximately $1,958,000. Finally, Aries Wealth Management increased its stake in Intel by 569.8% in the fourth quarter. Aries Wealth Management now owns 202,944 shares of the chip maker’s stock valued at $10,452,000 after purchasing an additional 172,643 shares in the last quarter. 62.74% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO David Zinsner bought 5,500 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average price of $44.73 per share, for a total transaction of $246,015.00. Following the purchase, the chief financial officer now owns 8,803 shares in the company, valued at approximately $393,758.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger bought 5,600 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The shares were bought at an average price of $44.27 per share, with a total value of $247,912.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 22,125 shares of company stock valued at $991,265. 0.02% of the stock is currently owned by corporate insiders.
Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.32 billion. Intel had a net margin of 31.68% and a return on equity of 21.67%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 earnings per share. On average, sell-side analysts forecast that Intel Co. will post 3.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, May 5th. Intel’s dividend payout ratio is presently 24.25%.
Several equities research analysts have recently issued reports on INTC shares. Barclays set a $45.00 price objective on shares of Intel in a research report on Friday, April 29th. BMO Capital Markets lowered their price objective on shares of Intel from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 18th. StockNews.com downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 29th. DZ Bank downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research report on Thursday, February 24th. Finally, 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 report on Thursday, January 27th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $53.82.
Intel 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.
- Get a free copy of the StockNews.com research report on Intel (INTC)
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