Intel Co. (NASDAQ:INTC) Position Boosted by Fiduciary Group LLC

Fiduciary Group LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,112 shares of the chip maker’s stock after purchasing an additional 411 shares during the period. Fiduciary Group LLC’s holdings in Intel were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Princeton Portfolio Strategies Group LLC lifted its position in shares of Intel by 0.4% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 34,092 shares of the chip maker’s stock worth $2,040,000 after purchasing an additional 150 shares in the last quarter. Frisch Financial Group Inc. lifted its position in shares of Intel by 0.9% in the fourth quarter. Frisch Financial Group Inc. now owns 18,296 shares of the chip maker’s stock worth $1,095,000 after purchasing an additional 158 shares in the last quarter. Dividend Assets Capital LLC lifted its position in shares of Intel by 1.1% in the fourth quarter. Dividend Assets Capital LLC now owns 14,390 shares of the chip maker’s stock worth $861,000 after purchasing an additional 158 shares in the last quarter. Jarislowsky Fraser Ltd lifted its position in shares of Intel by 0.6% in the fourth quarter. Jarislowsky Fraser Ltd now owns 24,575 shares of the chip maker’s stock worth $1,470,000 after purchasing an additional 158 shares in the last quarter. Finally, Bull Street Advisors LLC lifted its position in shares of Intel by 0.5% in the fourth quarter. Bull Street Advisors LLC now owns 31,147 shares of the chip maker’s stock worth $1,864,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 66.27% of the company’s stock.

In other news, EVP Navin Shenoy sold 2,848 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $58.83, for a total value of $167,547.84. Following the sale, the executive vice president now owns 77,709 shares in the company, valued at $4,571,620.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andy D. Bryant sold 9,991 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $57.38, for a total transaction of $573,283.58. Following the completion of the sale, the director now owns 425,595 shares in the company, valued at approximately $24,420,641.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,470 shares of company stock worth $7,005,231. 0.04% of the stock is currently owned by insiders.

Intel stock traded down $0.05 during midday trading on Friday, reaching $61.93. The company had a trading volume of 10,614,536 shares, compared to its average volume of 23,972,394. The company has a market capitalization of $267.17 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.35. The firm’s fifty day simple moving average is $58.42 and its 200-day simple moving average is $58.75. Intel Co. has a 12-month low of $42.86 and a 12-month high of $69.29.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. The company had revenue of $19.83 billion for the quarter, compared to analyst estimates of $18.65 billion. Intel had a net margin of 30.02% and a return on equity of 31.64%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, analysts expect that Intel Co. will post 4.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 7th will be given a $0.33 dividend. 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 2.13%. Intel’s payout ratio is currently 27.10%.

Several equities analysts recently weighed in on INTC shares. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Monday, January 27th. Nomura Securities raised their price objective on shares of Intel from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Raymond James raised shares of Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price objective on the stock in a research report on Monday, April 6th. Jefferies Financial Group raised their price objective on shares of Intel from $53.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Finally, Oppenheimer downgraded Intel to a “hold” rating in a report on Monday, January 27th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Intel has an average rating of “Hold” and an average target price of $64.97.

Intel 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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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