Richard Bernstein Advisors LLC Has $10.91 Million Holdings in Intel Co. (NASDAQ:INTC)

Richard Bernstein Advisors LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 232,406 shares of the chip maker’s stock after selling 108,303 shares during the period. Richard Bernstein Advisors LLC’s holdings in Intel were worth $10,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tributary Capital Management LLC purchased a new stake in Intel in the fourth quarter worth approximately $28,000. Next Capital Management LLC purchased a new stake in Intel in the fourth quarter worth approximately $46,000. Virtus ETF Advisers LLC purchased a new stake in Intel in the fourth quarter worth approximately $48,000. Stevens First Principles Investment Advisors purchased a new stake in Intel in the fourth quarter worth approximately $53,000. Finally, Tortoise Investment Management LLC boosted its holdings in Intel by 86.7% in the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after purchasing an additional 580 shares during the last quarter. 66.03% of the stock is owned by institutional investors.

In other news, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $63,703.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the completion of the transaction, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,575 shares of company stock worth $3,926,436. Insiders own 0.02% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Deutsche Bank dropped their target price on shares of Intel from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada reiterated an “underperform” rating and set a $41.00 price target on shares of Intel in a research note on Monday, May 13th. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Morgan Stanley upgraded shares of Intel from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $55.00 to $64.00 in a research note on Friday, February 22nd. Finally, BMO Capital Markets cut shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 target price on the stock. in a research note on Thursday, May 9th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.17.

NASDAQ:INTC opened at $46.85 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $206.08 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. On average, research analysts anticipate that Intel Co. will post 4.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.

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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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