Exchange Capital Management Inc. Buys 953 Shares of Intel Co. (INTC)
Exchange Capital Management Inc. boosted its position in Intel Co. (NASDAQ:INTC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,672 shares of the chip maker’s stock after buying an additional 953 shares during the period. Exchange Capital Management Inc.’s holdings in Intel were worth $2,237,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of INTC. Massmutual Trust Co. FSB ADV bought a new stake in Intel during the fourth quarter worth about $6,604,000. Iberiabank Corp increased its stake in Intel by 14.1% in the fourth quarter. Iberiabank Corp now owns 164,240 shares of the chip maker’s stock worth $5,957,000 after buying an additional 20,271 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Intel by 63.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 125,526 shares of the chip maker’s stock worth $4,553,000 after buying an additional 48,616 shares during the last quarter. Rafferty Asset Management LLC increased its stake in Intel by 55.3% in the fourth quarter. Rafferty Asset Management LLC now owns 50,778 shares of the chip maker’s stock worth $1,842,000 after buying an additional 18,075 shares during the last quarter. Finally, Opes Advisors Inc bought a new stake in Intel during the fourth quarter worth about $527,000. Institutional investors and hedge funds own 65.90% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) traded up 0.58% on Friday, hitting $36.39. The company’s stock had a trading volume of 2,284,813 shares. The stock’s 50-day moving average price is $35.64 and its 200-day moving average price is $35.99. Intel Co. has a 52 week low of $29.50 and a 52 week high of $38.45. The firm has a market cap of $172.05 billion, a price-to-earnings ratio of 17.17 and a beta of 1.03.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Intel had a return on equity of 20.95% and a net margin of 17.37%. The business earned $16.40 billion during the quarter, compared to the consensus estimate of $15.75 billion. During the same period last year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts expect that Intel Co. will post $2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Sunday, May 7th will be given a $0.2725 dividend. This is an increase from Intel’s previous quarterly dividend of $0.26. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Wednesday, May 3rd. Intel’s dividend payout ratio (DPR) is currently 49.29%.
INTC has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $44.00 price objective on shares of Intel in a research note on Monday, April 3rd. Citigroup Inc reissued a “hold” rating on shares of Intel in a research report on Saturday, February 11th. Zacks Investment Research cut shares of Intel from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Pacific Crest reaffirmed an “overweight” rating and issued a $43.00 price target on shares of Intel in a report on Friday, February 10th. Finally, Vetr raised shares of Intel from a “hold” rating to a “buy” rating and set a $37.50 price target on the stock in a report on Monday, April 10th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.22.
In other Intel news, EVP Diane M. Bryant sold 55,821 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $36.34, for a total value of $2,028,535.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 72,172 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $35.21, for a total value of $2,541,176.12. Following the completion of the sale, the chief executive officer now directly owns 549,091 shares of the company’s stock, valued at $19,333,494.11. The disclosure for this sale can be found here. Insiders sold 164,475 shares of company stock valued at $5,929,732 over the last three months. Company insiders own 0.09% of the company’s stock.
Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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