Intel Co. (NASDAQ:INTC) Shares Purchased by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,595 shares of the chip maker’s stock after buying an additional 1,225 shares during the period. Checchi Capital Advisers LLC’s holdings in Intel were worth $2,955,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Lion Street Advisors LLC bought a new position in shares of Intel in the first quarter worth $29,000. Evolution Wealth Advisors LLC boosted its stake in Intel by 1,636.1% during the fourth quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock valued at $37,000 after buying an additional 589 shares in the last quarter. Clear Investment Research LLC boosted its stake in Intel by 6,500.0% during the fourth quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock valued at $43,000 after buying an additional 715 shares in the last quarter. Sailer Financial LLC bought a new position in Intel during the fourth quarter valued at about $43,000. Finally, ICW Investment Advisors LLC bought a new position in Intel during the fourth quarter valued at about $48,000. 66.56% of the stock is owned by institutional investors.
In other Intel news, insider Venkata S. M. Renduchintala sold 46,544 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $60.67, for a total value of $2,823,824.48. Following the completion of the transaction, the insider now directly owns 126,240 shares of the company’s stock, valued at $7,658,980.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 2,848 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $58.83, for a total value of $167,547.84. Following the completion of the transaction, the executive vice president now directly owns 77,709 shares of the company’s stock, valued at $4,571,620.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,470 shares of company stock valued at $7,005,231. 0.04% of the stock is owned by insiders.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 23rd. The chip maker reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Intel had a return on equity of 31.64% and a net margin of 30.02%. The business had revenue of $19.83 billion during the quarter, compared to analysts’ expectations of $18.65 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Analysts expect that Intel Co. will post 4.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.26%. Intel’s dividend payout ratio (DPR) is presently 27.10%.
Several brokerages recently weighed in on INTC. Wedbush decreased their target price on Intel from $52.50 to $51.00 and set an “underperform” rating for the company in a research note on Friday, April 24th. FIX upped their target price on Intel from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 24th. Tigress Financial reaffirmed a “buy” rating on shares of Intel in a report on Tuesday, January 28th. Nomura reaffirmed a “buy” rating and set a $74.00 target price on shares of Intel in a report on Sunday, April 26th. Finally, Argus raised Intel from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, March 25th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $64.97.
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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