Atalanta Sosnoff Capital LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 629,720 shares of the chip maker’s stock, valued at approximately $29,068,000.
Several other hedge funds have also added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. purchased a new position in Intel in the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC raised its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in Intel in the 3rd quarter worth approximately $158,000. Finally, Burt Wealth Advisors raised its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares during the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
A number of equities analysts recently weighed in on INTC shares. Barclays restated a “buy” rating and issued a $55.00 price objective on shares of Intel in a report on Monday, November 13th. Goldman Sachs Group set a $43.00 price objective on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. BidaskClub lowered shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Instinet boosted their price objective on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price objective on shares of Intel and gave the stock a “sell” rating in a report on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Intel presently has an average rating of “Buy” and a consensus price target of $49.96.
Intel Co. (INTC) opened at $52.19 on Friday. The firm has a market cap of $243,620.00, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.72 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 Co. has a 1-year low of $33.23 and a 1-year high of $52.30.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. analysts expect that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.30 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.30%. 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 Company Profile
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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