Gamco Investors INC. ET AL lowered its stake in Intel Co. (NASDAQ:INTC) by 30.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,730 shares of the chip maker’s stock after selling 21,845 shares during the period. Gamco Investors INC. ET AL’s holdings in Intel were worth $1,804,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Sfmg LLC boosted its stake in Intel by 0.6% in the third quarter. Sfmg LLC now owns 6,354 shares of the chip maker’s stock valued at $240,000 after buying an additional 35 shares in the last quarter. Norris Perne & French LLP MI boosted its stake in Intel by 0.7% in the third quarter. Norris Perne & French LLP MI now owns 7,106 shares of the chip maker’s stock valued at $268,000 after buying an additional 46 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Intel by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 16,350 shares of the chip maker’s stock valued at $593,000 after buying an additional 50 shares in the last quarter. D. Scott Neal Inc. boosted its stake in Intel by 1.3% in the third quarter. D. Scott Neal Inc. now owns 5,035 shares of the chip maker’s stock valued at $190,000 after buying an additional 66 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in Intel by 0.5% in the third quarter. Sheets Smith Wealth Management now owns 17,445 shares of the chip maker’s stock valued at $659,000 after buying an additional 93 shares in the last quarter. 65.90% of the stock is currently owned by institutional investors.
Shares of Intel Co. (NASDAQ:INTC) opened at 35.43 on Tuesday. The stock’s 50 day moving average is $36.08 and its 200-day moving average is $36.14. 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 $167.51 billion, a P/E ratio of 16.71 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 for the quarter, beating the Thomson Reuters’ 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 company had revenue of $16.40 billion for the quarter, compared to analysts’ expectations of $15.75 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post $2.80 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 7th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.94%. Intel’s payout ratio is 49.29%.
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Several research firms have issued reports on INTC. B. Riley reaffirmed a “buy” rating and set a $44.00 price target on shares of Intel in a research note on Friday, January 27th. Sanford C. Bernstein set a $36.00 price objective on shares of Intel and gave the stock a “hold” rating in a report on Saturday, January 28th. BNP Paribas set a $39.00 price objective on shares of Intel and gave the stock a “hold” rating in a report on Saturday, January 28th. Pacific Crest reiterated an “overweight” rating and set a $43.00 price objective on shares of Intel in a report on Friday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Intel in a report on Friday, February 10th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.99.
In related news, EVP Stacy J. Smith sold 29,497 shares of the business’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $36.76, for a total value of $1,084,309.72. Following the completion of the sale, the executive vice president now owns 244,734 shares of the company’s stock, valued at approximately $8,996,421.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian M. Krzanich sold 79,051 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $36.49, for a total value of $2,884,570.99. Following the completion of the sale, the chief executive officer now directly owns 394,406 shares of the company’s stock, valued at approximately $14,391,874.94. The disclosure for this sale can be found here. In the last three months, insiders sold 273,023 shares of company stock valued at $9,898,612. 0.09% of the stock is currently owned by company insiders.
Intel Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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