JFS Wealth Advisors LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,532 shares of the chip maker’s stock after selling 470 shares during the period. JFS Wealth Advisors LLC’s holdings in Intel were worth $166,000 at the end of the most recent quarter.
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 boosted its position in 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 buying an additional 3,025 shares during the period. Blankinship & Foster LLC purchased a new stake in Intel in the 3rd quarter valued at about $223,000. Finally, Capital Investment Advisors LLC boosted its position in 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 buying an additional 11,278 shares during the period. 64.80% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the sale, the insider now directly owns 76,855 shares in the company, valued at $4,011,062.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Navin Shenoy sold 14,493 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 transaction of $768,563.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,802 shares of company stock worth $5,317,254. 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 reiterated a “buy” rating and set a $58.00 price objective on shares of Intel in a research note 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 research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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 business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 2.86%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio 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.
Read More: SEC Filing
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.