Independent Advisor Alliance Has $1.73 Million Position in Intel Co. (INTC)
Independent Advisor Alliance lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 30.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,514 shares of the chip maker’s stock after selling 18,927 shares during the period. Independent Advisor Alliance’s holdings in Intel were worth $1,734,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of INTC. Beach Investment Management LLC. acquired a new stake in Intel during the 2nd quarter valued at $371,000. First Trust Advisors LP increased its holdings in Intel by 1.4% during the 2nd quarter. First Trust Advisors LP now owns 7,134,781 shares of the chip maker’s stock valued at $240,728,000 after purchasing an additional 100,938 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in Intel during the 2nd quarter valued at $555,000. First Capital Advisors Group LLC. increased its holdings in Intel by 36.3% during the 2nd quarter. First Capital Advisors Group LLC. now owns 9,188 shares of the chip maker’s stock valued at $310,000 after purchasing an additional 2,448 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Intel by 1.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,691,580 shares of the chip maker’s stock valued at $90,911,000 after purchasing an additional 29,219 shares in the last quarter. Institutional investors and hedge funds own 68.24% of the company’s stock.
A number of equities research analysts recently weighed in on the company. UBS Group set a $51.00 price target on Intel and gave the company a “buy” rating in a report on Monday, January 29th. MKM Partners raised their price target on Intel to $55.00 and gave the company a “buy” rating in a report on Friday, January 26th. Vetr cut Intel from a “buy” rating to a “sell” rating and set a $47.74 price target for the company. in a report on Monday, January 29th. Citigroup assumed coverage on Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price target for the company. Finally, Nomura reaffirmed a “buy” rating and set a $50.00 price target on shares of Intel in a report on Friday, January 26th. Four investment 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. The company presently has a consensus rating of “Buy” and a consensus price target of $49.63.
Intel Co. (NASDAQ INTC) opened at $48.98 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The firm has a market capitalization of $228,638.64, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. Intel Co. has a twelve month low of $33.23 and a twelve month high of $50.90.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. equities analysts predict that Intel Co. will post 3.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.45%. Intel’s payout ratio is currently 60.61%.
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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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