Weaver C. Barksdale & Associates Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 9,100.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,357 shares of the chip maker’s stock after acquiring an additional 22,114 shares during the quarter. Weaver C. Barksdale & Associates Inc.’s holdings in Intel were worth $1,032,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Franklin Street Advisors Inc. NC increased its holdings in shares of Intel by 7.8% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 24,918 shares of the chip maker’s stock worth $1,150,000 after purchasing an additional 1,811 shares during the last quarter. White Lighthouse Investment Management Inc. bought a new stake in shares of Intel in the fourth quarter worth about $529,000. Gillespie Robinson & Grimm Inc. bought a new stake in shares of Intel in the fourth quarter worth about $228,000. Atalanta Sosnoff Capital LLC bought a new stake in shares of Intel in the fourth quarter worth about $29,068,000. Finally, Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Intel in the fourth quarter worth about $736,000. 69.22% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on INTC. Bank of America lifted their target price on Intel from $52.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group set a $51.00 target price on Intel and gave the stock a “buy” rating in a report on Monday, January 29th. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, MKM Partners lifted their target price on Intel to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Intel presently has an average rating of “Buy” and an average target price of $49.96.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. research analysts expect that Intel Co. will post 3.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were paid a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. Intel’s payout ratio is 38.34%.
In related news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction 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 approximately $13,011,070.80. The disclosure for this sale can be found here. Insiders sold 123,914 shares of company stock valued at $6,011,490 in the last three months. 0.08% of the stock is currently owned by insiders.
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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