Prospera Financial Services Inc lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,991 shares of the chip maker’s stock after acquiring an additional 5,255 shares during the period. Intel accounts for approximately 0.6% of Prospera Financial Services Inc’s portfolio, making the stock its 21st biggest position. Prospera Financial Services Inc’s holdings in Intel were worth $3,913,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. GSB Wealth Management LLC acquired a new stake in shares of Intel during the 4th quarter worth about $234,000. Walter & Keenan Financial Consulting Co. MI ADV grew its position in Intel by 9.4% in the 4th quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 136,437 shares of the chip maker’s stock valued at $6,298,000 after acquiring an additional 11,764 shares in the last quarter. Pratt Collard Advisory Partners LLC acquired a new position in Intel in the 4th quarter valued at about $1,004,000. Crossvault Capital Management LLC grew its position in Intel by 28.0% in the 4th quarter. Crossvault Capital Management LLC now owns 69,464 shares of the chip maker’s stock valued at $3,206,000 after acquiring an additional 15,175 shares in the last quarter. Finally, Bfsg LLC grew its position in Intel by 2.6% in the 4th quarter. Bfsg LLC now owns 97,328 shares of the chip maker’s stock valued at $4,493,000 after acquiring an additional 2,425 shares in the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.
INTC has been the subject of several research reports. JPMorgan Chase & Co. set a $53.00 target price on Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “hold” rating on shares of Intel in a research report on Thursday, January 4th. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Stifel Nicolaus lifted their target price on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 target price on Intel and gave the company a “buy” rating in a research report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.30.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Intel Co. will post 3.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is currently 34.68%.
In other news, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total value of $880,610.22. Following the transaction, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the transaction, the vice president now directly owns 6,472 shares in the company, valued at approximately $301,336.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by company insiders.
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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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