Naples Global Advisors LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,874 shares of the chip maker’s stock after acquiring an additional 7,353 shares during the quarter. Intel comprises approximately 1.0% of Naples Global Advisors LLC’s portfolio, making the stock its 14th biggest holding. Naples Global Advisors LLC’s holdings in Intel were worth $3,364,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. Professional Advisory Services Inc. increased its position in shares of Intel by 4,347.5% in the fourth quarter. Professional Advisory Services Inc. now owns 257,953 shares of the chip maker’s stock valued at $11,907,000 after buying an additional 252,153 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Intel by 100.4% in the fourth quarter. State of Alaska Department of Revenue now owns 800,078 shares of the chip maker’s stock valued at $36,928,000 after buying an additional 400,842 shares in the last quarter. Heritage Way Advisors LLC increased its position in shares of Intel by 92.8% in the fourth quarter. Heritage Way Advisors LLC now owns 114,832 shares of the chip maker’s stock valued at $5,301,000 after buying an additional 55,282 shares in the last quarter. BKD Wealth Advisors LLC increased its position in shares of Intel by 2.9% in the fourth quarter. BKD Wealth Advisors LLC now owns 60,283 shares of the chip maker’s stock valued at $2,783,000 after buying an additional 1,716 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its position in shares of Intel by 36.5% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 72,480 shares of the chip maker’s stock valued at $3,346,000 after buying an additional 19,383 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
A number of research analysts have recently weighed in on the company. Morningstar set a $41.00 price target on Intel and gave the company a “neutral” rating in a research report on Friday, January 26th. Morgan Stanley increased their price objective on Intel from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. KeyCorp increased their price objective on Intel from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. ValuEngine lowered Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Intel has an average rating of “Buy” and a consensus target price of $50.17.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. equities research analysts anticipate that Intel Co. will post 3.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.43%. Intel’s dividend payout ratio (DPR) is 60.61%.
In other news, EVP Navin Shenoy sold 8,967 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $436,423.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,914 shares of company stock worth $6,011,490. Company insiders own 0.08% of the company’s stock.
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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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