North Star Investment Management Corp. reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 160,489 shares of the chip maker’s stock after selling 4,522 shares during the period. Intel comprises 0.9% of North Star Investment Management Corp.’s portfolio, making the stock its 17th biggest position. North Star Investment Management Corp.’s holdings in Intel were worth $7,408,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. VNBTrust National Association purchased a new position in Intel during the 4th quarter worth $247,000. First American Trust FSB increased its holdings in shares of Intel by 19.4% in the 4th quarter. First American Trust FSB now owns 11,931 shares of the chip maker’s stock valued at $551,000 after acquiring an additional 1,939 shares during the period. Windward Capital Management Co. CA increased its holdings in shares of Intel by 30.6% in the 4th quarter. Windward Capital Management Co. CA now owns 30,907 shares of the chip maker’s stock valued at $1,427,000 after acquiring an additional 7,247 shares during the period. Arbor Investment Advisors LLC purchased a new position in shares of Intel in the 4th quarter valued at $213,000. Finally, Capital City Trust Co. FL increased its holdings in shares of Intel by 16.4% in the 4th quarter. Capital City Trust Co. FL now owns 13,974 shares of the chip maker’s stock valued at $532,000 after acquiring an additional 1,965 shares during the period. 69.22% of the stock is owned by hedge funds and other institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction dated 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 sale, the chief executive officer now owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is currently owned by insiders.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. analysts predict that Intel Co. will post 3.51 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is currently 60.61%.
INTC has been the topic of a number of analyst reports. Barclays reiterated a “buy” rating and issued a $55.00 price target on shares of Intel in a report on Monday, November 13th. Goldman Sachs Group set a $43.00 price target on Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Instinet lifted their price target on Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.56 price target on the stock in a report on Monday, February 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.04.
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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