Kessler Investment Group LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,420 shares of the chip maker’s stock after selling 13,932 shares during the period. Intel accounts for 2.6% of Kessler Investment Group LLC’s portfolio, making the stock its 12th biggest position. Kessler Investment Group LLC’s holdings in Intel were worth $2,097,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. VNBTrust National Association purchased a new stake in Intel in the fourth quarter worth $247,000. First American Trust FSB grew its stake in Intel by 19.4% in the fourth quarter. First American Trust FSB now owns 11,931 shares of the chip maker’s stock worth $551,000 after purchasing an additional 1,939 shares during the period. Windward Capital Management Co. CA grew its stake in Intel by 30.6% in the fourth quarter. Windward Capital Management Co. CA now owns 30,907 shares of the chip maker’s stock worth $1,427,000 after purchasing an additional 7,247 shares during the period. Arbor Investment Advisors LLC purchased a new stake in Intel in the fourth quarter worth $213,000. Finally, Capital City Trust Co. FL grew its stake in Intel by 16.4% in the fourth quarter. Capital City Trust Co. FL now owns 13,974 shares of the chip maker’s stock worth $532,000 after purchasing an additional 1,965 shares during the period. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Vetr raised Intel from a “hold” rating to a “buy” rating and set a $54.41 price target on the stock in a research note on Monday. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday. Bank of America reaffirmed a “buy” rating and issued a $61.00 price target (up from $52.00) on shares of Intel in a research note on Thursday, March 8th. ValuEngine cut Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Nomura upped their price target on Intel from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $50.04.
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 for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. analysts predict that Intel Co. will post 3.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.30 per share. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is presently 60.61%.
In other news, EVP Navin Shenoy sold 2,155 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the transaction, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at $955,172.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $75,371.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,914 shares of company stock worth $6,011,490. Corporate insiders own 0.08% of the company’s stock.
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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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