CSat Investment Advisory L.P. Increases Stock Holdings in Intel Co. (NASDAQ:INTC)
CSat Investment Advisory L.P. raised its stake in Intel Co. (NASDAQ:INTC) by 41.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,615 shares of the chip maker’s stock after purchasing an additional 9,336 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Intel were worth $1,711,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Lion Street Advisors LLC acquired a new position in Intel during the first quarter worth $29,000. Evolution Wealth Advisors LLC boosted its position in shares of Intel by 1,636.1% during the 4th quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock worth $37,000 after purchasing an additional 589 shares in the last quarter. Clear Investment Research LLC grew its stake in shares of Intel by 6,500.0% during the 4th quarter. Clear Investment Research LLC now owns 726 shares of the chip maker’s stock worth $43,000 after purchasing an additional 715 shares during the period. Sailer Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at about $43,000. Finally, ICW Investment Advisors LLC purchased a new position in shares of Intel in the 4th quarter valued at about $48,000. Institutional investors own 65.07% of the company’s stock.
INTC has been the subject of a number of research analyst reports. Northland Securities cut their price target on shares of Intel from $70.00 to $60.00 and set a “market perform” rating for the company in a report on Tuesday, March 31st. ValuEngine downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, May 1st. Wells Fargo & Co increased their price target on shares of Intel from $56.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. Raymond James upgraded shares of Intel from an “underperform” rating to a “market perform” rating and set a $75.00 price target for the company in a report on Monday, April 6th. Finally, BNP Paribas upgraded shares of Intel from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Tuesday, March 24th. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $64.97.
Shares of Intel stock traded up $0.85 during mid-day trading on Friday, hitting $62.55. 8,616,668 shares of the stock were exchanged, compared to its average volume of 19,245,374. Intel Co. has a twelve month low of $43.20 and a twelve month high of $69.29. The stock has a market capitalization of $269.11 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82. The company has a 50-day simple moving average of $59.53 and a 200 day simple moving average of $58.94. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.17. Intel had a net margin of 30.02% and a return on equity of 31.64%. The business had revenue of $19.83 billion for the quarter, compared to analysts’ expectations of $18.65 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post 4.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 7th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.11%. Intel’s dividend payout ratio is presently 27.10%.
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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