InterOcean Capital LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 463,980 shares of the chip maker’s stock after buying an additional 71,082 shares during the quarter. Intel comprises approximately 2.6% of InterOcean Capital LLC’s portfolio, making the stock its 10th largest position. InterOcean Capital LLC’s holdings in Intel were worth $17,668,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. acquired a new stake in Intel in the 3rd quarter valued at approximately $119,000. Acrospire Investment Management LLC grew its stake in shares of Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after acquiring an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after acquiring an additional 1,233 shares in the last quarter. Burt Wealth Advisors grew its stake in shares of Intel by 236.1% in the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after acquiring an additional 3,471 shares in the last quarter. Finally, Family Capital Trust Co grew its stake in shares of Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after acquiring an additional 3,500 shares in the last quarter. 67.48% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the completion of the sale, the insider now directly owns 1,536 shares of the company’s stock, valued at $68,474.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders sold 932,755 shares of company stock valued at $41,387,752 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that Intel Co. will post 3.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is presently 38.34%.
INTC has been the subject of several research reports. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Friday, October 27th. Instinet boosted their price target on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Vetr downgraded shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price target for the company. in a research note on Tuesday, January 2nd. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $48.00 price target on shares of Intel in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. Intel has an average rating of “Buy” and an average price target of $49.33.
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Intel Company Profile
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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