Winslow Asset Management Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,011 shares of the chip maker’s stock after buying an additional 15,640 shares during the period. Intel comprises 2.2% of Winslow Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Winslow Asset Management Inc.’s holdings in Intel were worth $12,187,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in INTC. Financial Engines Advisors L.L.C. purchased a new stake in shares of Intel in the third quarter worth $119,000. Acrospire Investment Management LLC increased its stake in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Intel in the third quarter worth $158,000. Finally, Family Capital Trust Co increased its stake in shares of Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares in the last quarter. 69.22% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Vetr raised shares of Intel from a “hold” rating to a “buy” rating and set a $54.41 price objective for the company in a research note on Monday. BidaskClub raised shares of Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Bank of America reissued a “buy” rating and issued a $61.00 price objective (up from $52.00) on shares of Intel in a research note on Thursday, March 8th. ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Nomura increased their price objective on shares of 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 assigned 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.
Shares of Intel Co. (INTC) opened at $51.78 on Wednesday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $53.78. The firm has a market cap of $241,710.00, a price-to-earnings ratio of 16.54, a PEG ratio of 1.77 and a beta of 1.01. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts expect that Intel Co. will post 3.51 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were paid a $0.30 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. This is an increase from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 38.34%.
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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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