Brightworth Cuts Stake in Intel Co. (INTC)
Brightworth lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,941 shares of the chip maker’s stock after selling 621 shares during the period. Brightworth’s holdings in Intel were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in INTC. Tributary Capital Management LLC purchased a new stake in Intel during the 4th quarter valued at about $28,000. Tortoise Investment Management LLC grew its stake in Intel by 86.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after acquiring an additional 580 shares in the last quarter. Ruggie Capital Group grew its stake in Intel by 247.0% during the 4th quarter. Ruggie Capital Group now owns 1,440 shares of the chip maker’s stock valued at $68,000 after acquiring an additional 1,025 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Intel during the 4th quarter valued at about $84,000. Finally, Lenox Wealth Management Inc. grew its stake in Intel by 14.8% during the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock valued at $105,000 after acquiring an additional 289 shares in the last quarter. 64.80% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. BidaskClub cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $41.00 target price on shares of Intel in a report on Monday, May 13th. Mizuho decreased their target price on shares of Intel from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, May 10th. ValuEngine lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Credit Suisse Group set a $58.00 target price on shares of Intel and gave the company a “buy” rating in a report on Thursday, May 9th. Eight 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.23.
Intel stock opened at $44.00 on Thursday. The company has a market cap of $206.31 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The company had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. Equities analysts expect that Intel Co. will post 4.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.86%. Intel’s dividend payout ratio (DPR) is presently 27.51%.
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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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