Intel Co. (INTC) Shares Sold by HCR Wealth Advisors
HCR Wealth Advisors decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,281 shares of the chip maker’s stock after selling 3,538 shares during the period. HCR Wealth Advisors’ holdings in Intel were worth $1,562,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. HC Financial Advisors Inc. increased its position in shares of Intel by 9.5% in the third quarter. HC Financial Advisors Inc. now owns 25,496 shares of the chip maker’s stock worth $1,206,000 after acquiring an additional 2,206 shares in the last quarter. Buckley Wealth Management LLC increased its position in shares of Intel by 16.5% in the third quarter. Buckley Wealth Management LLC now owns 82,068 shares of the chip maker’s stock worth $3,881,000 after acquiring an additional 11,594 shares in the last quarter. Ironwood Financial llc increased its position in shares of Intel by 429.0% in the third quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after acquiring an additional 2,145 shares in the last quarter. Diligent Investors LLC increased its position in shares of Intel by 2.4% in the third quarter. Diligent Investors LLC now owns 76,203 shares of the chip maker’s stock worth $3,604,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Intel by 4.8% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 109,183 shares of the chip maker’s stock worth $5,164,000 after acquiring an additional 5,025 shares in the last quarter. 64.80% of the stock is owned by hedge funds and other institutional investors.
In other Intel news, EVP Steven Ralph Rodgers sold 25,170 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the transaction, the executive vice president now directly owns 48,140 shares in the company, valued at approximately $2,647,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Thomas Mcbride sold 518 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the transaction, the vice president now owns 8,274 shares in the company, valued at $424,704.42. The disclosure for this sale can be found here. Insiders have sold a total of 100,320 shares of company stock worth $5,343,843 over the last quarter. 0.02% of the stock is currently owned by insiders.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, research analysts expect that Intel Co. will post 4.28 EPS for the current fiscal 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 paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.76%. Intel’s dividend payout ratio (DPR) is 27.51%.
Several research firms have recently issued reports on INTC. New Street Research set a $65.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Mizuho reissued a “buy” rating on shares of Intel in a research report on Friday, April 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $64.00 price objective on shares of Intel in a research report on Friday, April 26th. SunTrust Banks increased their price objective on shares of Intel to $56.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. Finally, Wells Fargo & Co lowered shares of Intel from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $55.00 to $60.00 in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $54.23.
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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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