Arbor Investment Advisors LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,625 shares of the chip maker’s stock, valued at approximately $213,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Financial Engines Advisors L.L.C. purchased a new position in shares of Intel during the 3rd quarter worth approximately $119,000. Acrospire Investment Management LLC raised its stake in shares of Intel by 111.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after buying an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Intel by 47.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after buying an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Intel during the 3rd quarter worth approximately $158,000. Finally, Burt Wealth Advisors raised its stake in shares of Intel by 236.1% during the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after buying an additional 3,471 shares in the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Brian M. Krzanich sold 74,456 shares of Intel stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 123,914 shares of company stock worth $6,011,490 in the last 90 days. Insiders own 0.08% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at $51.52 on Tuesday. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $52.30. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $240,500.00, a price-to-earnings ratio of 16.46, a PEG ratio of 1.77 and a beta of 1.01.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. research analysts expect that Intel Co. will post 3.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.30 per share. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.33%. Intel’s dividend payout ratio (DPR) is 38.34%.
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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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