Stokes & Hubbell Capital Management LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,681 shares of the chip maker’s stock after selling 1,593 shares during the period. Intel makes up approximately 1.1% of Stokes & Hubbell Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Stokes & Hubbell Capital Management LLC’s holdings in Intel were worth $4,601,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new stake in shares of Intel during the third quarter valued at $119,000. Acrospire Investment Management LLC boosted its stake in shares of Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after acquiring an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after acquiring an additional 1,233 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Intel during the third quarter valued at $158,000. Finally, Burt Wealth Advisors boosted its stake in shares of Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.
INTC has been the topic of a number of analyst reports. Nomura reaffirmed a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Thursday, January 4th. B. Riley reaffirmed a “buy” rating and set a $53.00 price objective on shares of Intel in a research note on Thursday, January 4th. JPMorgan Chase & Co. set a $53.00 price objective on Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, BidaskClub lowered Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.17.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. The business 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 revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. research analysts predict that Intel Co. will post 3.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. Intel’s payout ratio is currently 60.61%.
In related news, EVP Navin Shenoy sold 2,155 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total transaction of $98,332.65. Following the sale, the executive vice president now directly owns 20,933 shares in the company, valued at approximately $955,172.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Over the last quarter, insiders have 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 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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