Windsor Group LTD lessened its stake in Intel Co. (NASDAQ:INTC) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,579 shares of the chip maker’s stock after selling 1,428 shares during the quarter. Intel accounts for approximately 1.2% of Windsor Group LTD’s holdings, making the stock its 19th biggest position. Windsor Group LTD’s holdings in Intel were worth $1,717,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC raised 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 worth $59,000 after buying an additional 580 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new position in Intel in the 4th quarter worth about $84,000. Harel Insurance Investments & Financial Services Ltd. raised its position 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 worth $120,000 after buying an additional 2,000 shares during the last quarter. Highwater Wealth Management LLC purchased a new position in Intel in the 4th quarter worth about $125,000. Finally, Ironwood Financial llc raised its position in Intel by 429.0% in the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock worth $125,000 after buying an additional 2,145 shares during the last quarter. 64.69% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman Andy D. Bryant sold 11,734 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 1,821 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $46.74, for a total value of $85,113.54. Following the transaction, the executive vice president now owns 52,693 shares of the company’s stock, valued at $2,462,870.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,261 shares of company stock valued at $2,116,147. 0.03% of the stock is currently owned by corporate insiders.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. The company had revenue of $18.66 billion during 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 firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, sell-side analysts expect that Intel Co. will post 4.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.31%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
INTC has been the subject of a number of recent analyst reports. Bank of America raised Intel from a “neutral” rating to a “buy” rating and set a $45.65 target price for the company in a research report on Friday, January 4th. Citigroup boosted their target price on Intel from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, January 11th. MKM Partners reissued a “buy” rating on shares of Intel in a research report on Monday, December 17th. BidaskClub raised Intel from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Finally, Zacks Investment Research raised Intel from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Monday, January 21st. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.51.
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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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