Accredited Investors Acquires 845 Shares of Intel Co. (INTC)
Accredited Investors raised its position in Intel Co. (NASDAQ:INTC) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,370 shares of the chip maker’s stock after buying an additional 845 shares during the period. Accredited Investors’ holdings in Intel were worth $702,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in INTC. Lowe FS purchased a new stake in shares of Intel during the third quarter worth about $12,000. Ken Stern & Associates increased its stake in shares of Intel by 16.6% in the third quarter. Ken Stern & Associates now owns 23,774 shares of the chip maker’s stock worth $717,000 after buying an additional 3,387 shares during the last quarter. Baker Avenue Asset Management increased its stake in shares of Intel by 1.2% in the third quarter. Baker Avenue Asset Management now owns 16,739 shares of the chip maker’s stock worth $505,000 after buying an additional 200 shares during the last quarter. Loge Solutions purchased a new stake in shares of Intel during the third quarter worth about $265,000. Finally, Palo Capital purchased a new stake in shares of Intel during the third quarter worth about $388,000.
Intel Co. (NASDAQ:INTC) opened at 29.60 on Tuesday. The stock’s 50 day moving average price is $33.27 and its 200 day moving average price is $31.44. The company has a market capitalization of $139.77 billion and a P/E ratio of 12.70. Intel Co. has a one year low of $24.87 and a one year high of $35.59.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 14th. The chip maker reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. The company had revenue of $14.90 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post $2.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Sunday, February 7th will be given a dividend of $0.26 per share. This is a positive change from Intel’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, February 3rd.
INTC has been the topic of a number of research analyst reports. Vetr downgraded shares of Intel from a “hold” rating to a “sell” rating and set a $30.51 price target on the stock. in a research note on Tuesday, October 6th. Canaccord Genuity restated a “buy” rating and issued a $39.00 price target on shares of Intel in a research note on Friday, October 2nd. RBC Capital raised their price target on shares of Intel from $29.00 to $33.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 13th. Pacific Crest downgraded shares of Intel from a “sector perform” rating to an “overweight” rating and set a $35.00 price target on the stock. in a research note on Monday, September 28th. Finally, Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, October 16th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-nine have given a buy rating to the stock. Intel has an average rating of “Hold” and an average target price of $36.38.
In other news, CEO Brian M. Krzanich sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $34.97, for a total transaction of $1,223,950.00. Following the transaction, the chief executive officer now owns 323,415 shares of the company’s stock, valued at approximately $11,309,822.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (NASDAQ:INTC), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Company’s operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.
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