Vontobel Swiss Wealth Advisors AG lowered its stake in Intel Co. (NASDAQ:INTC) by 5.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 43,428 shares of the chip maker’s stock after selling 2,605 shares during the quarter. Intel makes up about 1.2% of Vontobel Swiss Wealth Advisors AG’s holdings, making the stock its 27th biggest position. Vontobel Swiss Wealth Advisors AG’s holdings in Intel were worth $2,051,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in INTC. Quad Cities Investment Group LLC purchased a new stake in shares of Intel during the 2nd quarter valued at about $107,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Intel by 375.2% during 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 buying an additional 2,000 shares in the last quarter. Ironwood Financial llc raised its position in shares of Intel by 429.0% during the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after buying an additional 2,145 shares in the last quarter. Arlington Partners LLC purchased a new stake in shares of Intel during the 3rd quarter valued at about $151,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Intel during the 3rd quarter valued at about $188,000. Institutional investors and hedge funds own 64.07% of the company’s stock.
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Shares of INTC stock opened at $53.57 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.30 and a current ratio of 1.73. The stock has a market capitalization of $245.56 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.38 and a beta of 0.74. Intel Co. has a one year low of $42.36 and a one year high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion for the quarter, compared to the consensus estimate of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. On average, equities analysts forecast that Intel Co. will post 4.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 7th were paid a $0.315 dividend. This is an increase from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Wednesday, February 6th. Intel’s dividend payout ratio is currently 27.51%.
Intel declared that its Board of Directors has approved a share buyback program on Thursday, November 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
INTC has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “buy” rating and set a $64.00 target price on shares of Intel in a research report on Friday, January 25th. Northland Securities decreased their target price on shares of Intel to $38.00 and set an “underperform” rating on the stock in a research report on Friday, January 25th. Needham & Company LLC cut shares of Intel from a “buy” rating to a “hold” rating and decreased their target price for the company from $58.00 to $50.00 in a research report on Friday, January 25th. Citigroup restated a “buy” rating and set a $54.00 target price (up from $50.00) on shares of Intel in a research report on Friday, January 11th. Finally, Goldman Sachs Group restated a “sell” rating and set a $44.00 target price on shares of Intel in a research report on Tuesday, January 8th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have issued a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average target price of $54.33.
In other Intel news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $46.11, for a total value of $69,994.98. Following the transaction, the executive vice president now directly owns 52,419 shares in the company, valued at approximately $2,417,040.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Andy D. Bryant sold 11,734 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was 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 40,262 shares of company stock worth $2,061,469 over the last 90 days. 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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