Eads & Heald Wealth Management purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, HoldingsChannel reports. The fund purchased 12,313 shares of the chip maker’s stock, valued at approximately $578,000.
Other institutional investors also recently modified their holdings of the company. Tributary Capital Management LLC bought a new stake in Intel in the 4th quarter valued at $28,000. Tortoise Investment Management LLC boosted its holdings 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 purchasing an additional 580 shares during the period. Mackey Komara & Dankovich LLC bought a new stake in Intel in the 4th quarter valued at $84,000. Lenox Wealth Management Inc. boosted its holdings 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 purchasing an additional 289 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after purchasing an additional 2,000 shares during the period. 64.80% of the stock is owned by hedge funds and other institutional investors.
Shares of Intel stock opened at $45.17 on Wednesday. The stock has a market cap of $218.10 billion, a P/E ratio of 9.86, a PEG ratio of 1.45 and a beta of 0.75. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.
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 given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.79%. The ex-dividend date is Monday, May 6th. Intel’s payout ratio is presently 27.51%.
A number of equities analysts have recently issued reports on INTC shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $64.00 price objective on shares of Intel in a research note on Friday, April 26th. Deutsche Bank dropped their price objective on shares of Intel from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Co dropped their price objective on shares of Intel from $60.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th. Argus cut shares of Intel from a “buy” rating to a “hold” rating and set a $52.43 price objective for the company. in a research note on Monday, April 29th. Finally, Daiwa Capital Markets cut shares of Intel from an “outperform” rating to a “neutral” rating in a research note on Monday, April 29th. 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. Intel currently has a consensus rating of “Hold” and a consensus price target of $54.23.
In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were 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 approximately $4,011,062.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. Insiders sold a total of 100,320 shares of company stock valued at $5,343,843 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.
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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