Community Financial Services Group LLC Has $2.92 Million Position in Intel Co. (INTC)

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Community Financial Services Group LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,293 shares of the chip maker’s stock after acquiring an additional 1,336 shares during the quarter. Community Financial Services Group LLC’s holdings in Intel were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Tributary Capital Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $28,000. Tortoise Investment Management LLC increased its position in Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 580 shares during the period. Ruggie Capital Group increased its position in Intel by 247.0% in the 4th quarter. Ruggie Capital Group now owns 1,440 shares of the chip maker’s stock valued at $68,000 after acquiring an additional 1,025 shares during the period. Mackey Komara & Dankovich LLC acquired a new stake in Intel in the 4th quarter valued at approximately $84,000. Finally, Lenox Wealth Management Inc. increased its position in Intel by 14.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock valued at $105,000 after acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

A number of equities analysts have issued reports on INTC shares. New Street Research set a $65.00 price target on Intel and gave the company a “buy” rating in a research note on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating on shares of Intel in a research note on Friday, April 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $64.00 price target on shares of Intel in a research note on Friday, April 26th. SunTrust Banks increased their price target on Intel to $56.00 and gave the company a “buy” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co lowered Intel from an “outperform” rating to a “market perform” rating and increased their price target for the company from $55.00 to $60.00 in a research note on Friday, April 5th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.23.

In other news, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the sale, the insider now owns 76,855 shares in the company, valued at $4,011,062.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navin Shenoy sold 611 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $51.00, for a total value of $31,161.00. Following the completion of the sale, the executive vice president now owns 51,619 shares of the company’s stock, valued at approximately $2,632,569. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,802 shares of company stock valued at $5,317,254. Corporate insiders own 0.02% of the company’s stock.

INTC opened at $44.57 on Friday. The firm has a market cap of $208.51 billion, a PE ratio of 9.73, a P/E/G ratio of 1.39 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million during the quarter, compared to analyst estimates of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Equities research analysts forecast that Intel Co. will post 4.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio is presently 27.51%.

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Intel 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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Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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