Clear Perspective Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 19.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,981 shares of the chip maker’s stock after buying an additional 7,156 shares during the period. Intel accounts for approximately 1.5% of Clear Perspective Advisors LLC’s holdings, making the stock its 14th biggest holding. Clear Perspective Advisors LLC’s holdings in Intel were worth $2,186,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quad Cities Investment Group LLC acquired a new position in shares of Intel during the 2nd quarter valued at $107,000. Elmwood Wealth Management Inc. acquired a new position in shares of Intel during the 1st quarter valued at $110,000. Financial Gravity Wealth Inc. acquired a new position in shares of Intel during the 1st quarter valued at $120,000. WP Advisors LLC acquired a new position in shares of Intel during the 2nd quarter valued at $137,000. Finally, Well Done LLC acquired a new position in shares of Intel during the 1st quarter valued at $156,000. 65.25% of the stock is owned by institutional investors.
Shares of Intel stock opened at $48.11 on Friday. The stock has a market capitalization of $221.05 billion, a PE ratio of 13.90, a P/E/G ratio of 1.24 and a beta of 0.88. The company has a current ratio of 1.51, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a 1 year low of $42.04 and a 1 year high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.25. The business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Intel had a net margin of 21.91% and a return on equity of 29.64%. Sell-side analysts forecast that Intel Co. will post 4.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Wednesday, November 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In related news, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the sale, the vice president now owns 14,271 shares of the company’s stock, valued at approximately $649,758.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $45.66, for a total transaction of $102,050.10. Following the sale, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,747 shares of company stock worth $398,552. Company insiders own 0.03% of the company’s stock.
Several equities analysts recently weighed in on INTC shares. Royal Bank of Canada restated a “neutral” rating and set a $60.00 target price on shares of Intel in a report on Monday, July 16th. Stifel Nicolaus reiterated a “neutral” rating and issued a $60.00 price objective on shares of Intel in a report on Monday, July 16th. Citigroup lowered shares of Intel from a “buy” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a report on Friday, July 27th. Bank of America lowered shares of Intel from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $62.00 to $56.00 in a report on Friday, July 27th. Finally, KeyCorp cut their price objective on shares of Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Intel presently has an average rating of “Hold” and a consensus target price of $55.27.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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