Tiemann Investment Advisors LLC Buys 7 Shares of Intel Co. (INTC)
Tiemann Investment Advisors LLC increased its position in Intel Co. (NASDAQ:INTC) by 0.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,438 shares of the chip maker’s stock after buying an additional 7 shares during the period. Intel comprises approximately 1.0% of Tiemann Investment Advisors LLC’s holdings, making the stock its 28th largest position. Tiemann Investment Advisors LLC’s holdings in Intel were worth $1,031,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of INTC. Russell Investments Group Ltd. acquired a new stake in shares of Intel during the fourth quarter valued at $330,056,000. Acadian Asset Management LLC boosted its stake in shares of Intel by 1,132.9% in the third quarter. Acadian Asset Management LLC now owns 3,735,219 shares of the chip maker’s stock valued at $141,000,000 after buying an additional 3,432,246 shares during the last quarter. Elkfork Partners LLC acquired a new stake in shares of Intel during the fourth quarter valued at $81,579,000. Columbus Circle Investors acquired a new stake in shares of Intel during the third quarter valued at $71,506,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Intel by 90.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,969,510 shares of the chip maker’s stock valued at $149,849,000 after buying an additional 1,884,750 shares during the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at 35.43 on Tuesday. The firm has a market cap of $167.51 billion, a price-to-earnings ratio of 16.71 and a beta of 1.03. Intel Co. has a 1-year low of $29.50 and a 1-year high of $38.45. The stock has a 50 day moving average of $36.08 and a 200-day moving average of $36.14.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. Intel had a net margin of 17.37% and a return on equity of 20.95%. The company earned $16.40 billion during the quarter, compared to analysts’ expectations of $15.75 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post $2.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, February 3rd. Intel’s dividend payout ratio (DPR) is presently 49.29%.
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Several equities research analysts have recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $38.00 price target on shares of Intel in a research report on Thursday, March 16th. Susquehanna Bancshares Inc reaffirmed a “positive” rating on shares of Intel in a research report on Wednesday, March 15th. Credit Suisse Group AG cut shares of Intel from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $35.00 in a research report on Wednesday, March 15th. Loop Capital reaffirmed a “buy” rating and issued a $42.00 price target on shares of Intel in a research report on Wednesday, March 15th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Intel in a research report on Wednesday, March 15th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.99.
In other Intel news, CEO Brian M. Krzanich sold 72,172 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $35.21, for a total transaction of $2,541,176.12. Following the completion of the transaction, the chief executive officer now owns 549,091 shares in the company, valued at approximately $19,333,494.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane M. Bryant sold 55,821 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $36.34, for a total transaction of $2,028,535.14. The disclosure for this sale can be found here. Insiders have sold a total of 273,023 shares of company stock valued at $9,898,612 in the last quarter. 0.09% of the stock is currently owned by company insiders.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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