Intel Co. (INTC) Shares Sold by Opes Advisors Inc
Opes Advisors Inc reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 19.5% in the 3rd quarter, Holdings Channel reports. The firm owned 16,275 shares of the chip maker’s stock after selling 3,946 shares during the quarter. Opes Advisors Inc’s holdings in Intel were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new stake in Intel in the 3rd quarter valued at $119,000. Acrospire Investment Management LLC increased its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC increased its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares during the period. Burt Wealth Advisors increased its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares during the period. Finally, Family Capital Trust Co increased its holdings in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
Several equities research analysts have issued reports on the stock. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC boosted their price target on shares of Intel from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 26th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price target on the stock. in a report on Tuesday. SunTrust Banks reissued a “hold” rating and issued a $50.00 price target on shares of Intel in a report on Friday, January 26th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company. Intel presently has an average rating of “Buy” and an average price target of $49.33.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping 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 firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 4.1% on a year-over-year basis. equities analysts forecast that Intel Co. will post 3.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 60.61%.
In other Intel news, EVP Navin Shenoy sold 716 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total transaction of $35,263.00. Following the transaction, the executive vice president now directly owns 21,135 shares in the company, valued at approximately $1,040,898.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the transaction, the chief executive officer now owns 263,382 shares in the company, valued at $13,011,070.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,755 shares of company stock worth $41,387,752. Insiders own 0.08% of the company’s stock.
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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