GFS Advisors LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 37.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,155 shares of the chip maker’s stock after selling 56,520 shares during the quarter. Intel comprises approximately 1.0% of GFS Advisors LLC’s portfolio, making the stock its 26th biggest holding. GFS Advisors LLC’s holdings in Intel were worth $4,547,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC increased its holdings in shares of Intel by 27.9% in the third quarter. Belpointe Asset Management LLC now owns 28,542 shares of the chip maker’s stock worth $1,350,000 after purchasing an additional 6,225 shares during the period. Vanguard Group Inc. increased its holdings in shares of Intel by 0.8% in the third quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after purchasing an additional 2,892,357 shares during the period. Dodge & Cox bought a new position in shares of Intel in the third quarter worth $236,000. WealthPLAN Partners LLC increased its holdings in shares of Intel by 3.4% in the third quarter. WealthPLAN Partners LLC now owns 118,285 shares of the chip maker’s stock worth $5,605,000 after purchasing an additional 3,940 shares during the period. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Intel in the third quarter worth $497,000. 63.78% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ INTC opened at $54.33 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. Intel Co. has a 12-month low of $42.36 and a 12-month high of $57.60. The stock has a market cap of $254.17 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion during the quarter, compared to analyst estimates of $19.02 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post 4.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 annualized dividend and a yield of 2.32%. Intel’s payout ratio is 27.51%.
Several research firms have recently weighed in on INTC. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. UBS Group cut Intel from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Macquarie set a $58.00 target price on Intel and gave the company a “buy” rating in a research note on Monday, November 19th. Evercore ISI reduced their target price on Intel from $54.00 to $50.00 and set a “positive” rating on the stock in a research note on Monday, January 14th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Intel has a consensus rating of “Hold” and an average price target of $54.33.
In other Intel news, VP Kevin Thomas Mcbride sold 518 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the sale, the vice president now directly owns 8,274 shares in the company, valued at $424,704.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Navin Shenoy sold 1,518 shares of the stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $46.11, for a total transaction of $69,994.98. Following the sale, the executive vice president now owns 52,419 shares of the company’s stock, valued at $2,417,040.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,262 shares of company stock valued at $2,061,469. Company insiders own 0.03% of the company’s stock.
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Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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