Krueger & Catalano Capital Partners LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,530 shares of the chip maker’s stock, valued at approximately $213,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Keeler Thomas Management LLC boosted its position in Intel by 130.7% in the 3rd quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock valued at $654,000 after buying an additional 7,730 shares during the period. Belpointe Asset Management LLC boosted its position in Intel by 27.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock valued at $1,350,000 after buying an additional 6,225 shares during the period. SVA Plumb Wealth Management LLC raised its holdings in shares of Intel by 4.0% in the 3rd quarter. SVA Plumb Wealth Management LLC now owns 78,431 shares of the chip maker’s stock valued at $3,709,000 after purchasing an additional 3,025 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Intel in the 3rd quarter valued at about $223,000. Finally, Capital Investment Advisors LLC raised its holdings in shares of Intel by 3.5% in the 4th quarter. Capital Investment Advisors LLC now owns 332,565 shares of the chip maker’s stock valued at $15,607,000 after purchasing an additional 11,278 shares in the last quarter. 64.80% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman Andy D. Bryant sold 11,734 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 1,254 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The disclosure for this sale can be found here. Insiders sold 99,802 shares of company stock valued at $5,317,254 over the last quarter. Company insiders own 0.02% of the company’s stock.
Several equities research analysts have recently commented on INTC shares. Tigress Financial restated a “buy” rating on shares of Intel in a report on Monday, January 28th. Credit Suisse Group restated a “buy” rating and issued a $58.00 price target on shares of Intel in a report on Monday, January 28th. UBS Group restated a “buy” rating and issued a $58.00 price target on shares of Intel in a report on Friday, January 25th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $64.00 price objective on shares of Intel in a research note on Friday, January 25th. Finally, BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $54.23.
INTC traded down $0.46 during midday trading on Wednesday, hitting $44.00. 15,393,633 shares of the company traded hands, compared to its average volume of 24,516,041. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $206.31 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.40 and a beta of 0.75. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, research analysts forecast that Intel Co. will post 4.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 27.51%.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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