Bessemer Securities LLC lessened its position in Intel Co. (NASDAQ:INTC) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,081 shares of the chip maker’s stock after selling 1,800 shares during the period. Intel comprises 1.1% of Bessemer Securities LLC’s portfolio, making the stock its 10th largest holding. Bessemer Securities LLC’s holdings in Intel were worth $2,878,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of INTC. Tower View Investment Management & Research LLC acquired a new position in Intel during the fourth quarter worth approximately $31,000. Evolution Wealth Advisors LLC increased its position in Intel by 1,636.1% during the fourth quarter. Evolution Wealth Advisors LLC now owns 625 shares of the chip maker’s stock worth $37,000 after purchasing an additional 589 shares during the last quarter. Corbenic Partners LLC acquired a new position in Intel during the fourth quarter worth approximately $41,000. Fulcrum Capital LLC acquired a new position in Intel during the third quarter worth approximately $201,000. Finally, Clear Investment Research LLC increased its position in Intel by 6,500.0% during the fourth 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 last quarter. 66.46% of the stock is owned by institutional investors and hedge funds.
In other Intel news, VP Jennifer Balliet sold 6,833 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.25, for a total transaction of $165,700.25. Also, Director Alyssa Henry acquired 15,400 shares of Intel stock in a transaction on Monday, February 3rd. The shares were bought at an average price of $67.34 per share, for a total transaction of $1,037,036.00. Over the last quarter, insiders have acquired 188,120 shares of company stock worth $11,086,765 and have sold 82,146 shares worth $4,611,285. Corporate insiders own 0.02% of the company’s stock.
Shares of INTC stock opened at $66.02 on Friday. The company has a market capitalization of $286.94 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The firm has a fifty day simple moving average of $61.71 and a 200-day simple moving average of $54.83. The company has a current ratio of 1.40, a quick ratio of 1.01 and a debt-to-equity ratio of 0.33. Intel Co. has a twelve month low of $42.86 and a twelve month high of $69.29.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 23rd. The chip maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.27. Intel had a net margin of 29.25% and a return on equity of 29.01%. The business had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post 4.99 EPS for the current year.
Intel declared that its board has approved a share buyback plan on Thursday, October 24th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the chip maker to purchase up to 8.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.00%. This is an increase from Intel’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, February 6th. Intel’s dividend payout ratio is 27.10%.
INTC has been the subject of several research analyst reports. ValuEngine lowered shares of Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th. SunTrust Banks boosted their price objective on shares of Intel from $62.00 to $70.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. KeyCorp reiterated a “hold” rating on shares of Intel in a research note on Friday, October 25th. UBS Group boosted their price objective on shares of Intel from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Bank of America reiterated a “buy” rating and set a $75.00 price objective (up from $70.00) on shares of Intel in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the stock. Intel has a consensus rating of “Hold” and a consensus target price of $65.48.
About Intel
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.
