RPG Investment Advisory LLC Grows Stake in Intel Co. (INTC)
RPG Investment Advisory LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 460.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,592 shares of the chip maker’s stock after purchasing an additional 7,880 shares during the quarter. RPG Investment Advisory LLC’s holdings in Intel were worth $500,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Virtue Capital Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $109,000. Elmwood Wealth Management Inc. acquired a new stake in Intel during the first quarter worth approximately $110,000. Financial Gravity Wealth Inc. acquired a new stake in Intel during the first quarter worth approximately $120,000. First Dallas Securities Inc. acquired a new stake in Intel during the fourth quarter worth approximately $144,000. Finally, Well Done LLC acquired a new stake in Intel during the first quarter worth approximately $156,000. Institutional investors and hedge funds own 66.74% of the company’s stock.
In other Intel news, CEO Robert Holmes Swan bought 5,243 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were acquired at an average price of $47.69 per share, with a total value of $250,038.67. Following the purchase, the chief executive officer now owns 71,672 shares in the company, valued at approximately $3,418,037.68. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steven Ralph Rodgers sold 1,251 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $48.37, for a total transaction of $60,510.87. The disclosure for this sale can be found here. In the last three months, insiders sold 4,065 shares of company stock worth $205,200. Insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities analysts expect that Intel Co. will post 4.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Tuesday, August 7th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, August 6th. Intel’s dividend payout ratio is presently 34.68%.
INTC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Wednesday, June 27th. Wells Fargo & Co restated an “outperform” rating and set a $65.00 target price on shares of Intel in a research report on Friday, April 27th. Nomura restated a “neutral” rating and set a $50.00 target price on shares of Intel in a research report on Friday, August 10th. Morgan Stanley raised their target price on shares of Intel from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Northland Securities lowered shares of Intel from a “market perform” rating to an “underperform” rating in a research report on Monday, June 18th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Intel presently has an average rating of “Hold” and an average price target of $55.55.
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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