Kanawha Capital Management LLC raised its stake in shares of Intel Co. (NASDAQ:INTC) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,287 shares of the chip maker’s stock after buying an additional 912 shares during the period. Intel accounts for approximately 2.3% of Kanawha Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Kanawha Capital Management LLC’s holdings in Intel were worth $14,890,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Woodstock Corp increased its stake in shares of Intel by 29.5% in the third quarter. Woodstock Corp now owns 100,882 shares of the chip maker’s stock worth $4,771,000 after purchasing an additional 22,975 shares during the period. Hollencrest Capital Management increased its stake in shares of Intel by 1.8% in the third quarter. Hollencrest Capital Management now owns 86,882 shares of the chip maker’s stock worth $4,109,000 after purchasing an additional 1,551 shares during the period. BTR Capital Management Inc. increased its stake in shares of Intel by 40.5% in the third quarter. BTR Capital Management Inc. now owns 33,655 shares of the chip maker’s stock worth $1,592,000 after purchasing an additional 9,693 shares during the period. Burns J W & Co. Inc. NY increased its stake in shares of Intel by 7.7% in the third quarter. Burns J W & Co. Inc. NY now owns 32,951 shares of the chip maker’s stock worth $1,558,000 after purchasing an additional 2,355 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in shares of Intel in the third quarter worth about $421,000. Institutional investors own 64.69% of the company’s stock.
A number of equities analysts have recently commented on the company. BidaskClub upgraded Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th. Wells Fargo & Co lowered Intel from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $55.00 to $60.00 in a research note on Friday, April 5th. Goldman Sachs Group reiterated a “sell” rating and issued a $45.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Sanford C. Bernstein reiterated a “sell” rating and issued a $42.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Finally, Nomura assumed coverage on Intel in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $65.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $55.10.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. On average, sell-side analysts predict that Intel Co. will post 4.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is 27.51%.
In other news, VP Kevin Thomas Mcbride sold 518 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.33, for a total value of $26,588.94. Following the transaction, the vice president now directly owns 8,274 shares of the company’s stock, valued at approximately $424,704.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total value of $1,384,350.00. Following the completion of the transaction, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Insiders have sold 65,431 shares of company stock worth $3,500,497 over the last ninety days. 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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