Regal Wealth Group Inc. Cuts Position in Intel Co. (INTC)

Regal Wealth Group Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 7,235 shares of the chip maker’s stock after selling 301 shares during the quarter. Regal Wealth Group Inc.’s holdings in Intel were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Prudential Financial Inc. increased its stake in Intel by 29.2% in the 3rd quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock valued at $620,690,000 after buying an additional 2,968,410 shares during the last quarter. Vanguard Group Inc increased its stake in Intel by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the last quarter. Vanguard Group Inc. increased its stake in Intel by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after buying an additional 2,892,357 shares during the last quarter. American Century Companies Inc. increased its stake in Intel by 23.1% in the 3rd quarter. American Century Companies Inc. now owns 9,788,445 shares of the chip maker’s stock valued at $462,896,000 after buying an additional 1,836,266 shares during the last quarter. Finally, Cantillon Capital Management LLC increased its stake in Intel by 69.7% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,158,903 shares of the chip maker’s stock valued at $196,674,000 after buying an additional 1,708,761 shares during the last quarter. 64.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of INTC opened at $58.49 on Monday. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59. The stock has a market capitalization of $273.63 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.54 and a beta of 0.79. The company has a current ratio of 1.73, a quick ratio of 1.30 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. Intel had a net margin of 29.72% and a return on equity of 30.08%. The business had revenue of $18.66 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same quarter in the prior year, the business earned $1.08 EPS. Intel’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts expect that Intel Co. will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.15%. Intel’s dividend payout ratio (DPR) is currently 27.51%.

INTC has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price target on shares of Intel in a research note on Friday, January 25th. Sanford C. Bernstein reiterated a “sell” rating and issued a $42.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Morgan Stanley upgraded shares of Intel from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $55.00 to $64.00 in a research note on Friday, February 22nd. Northland Securities lowered their price objective on shares of Intel to $38.00 and set an “underperform” rating on the stock in a research note on Friday, January 25th. Finally, Needham & Company LLC lowered shares of Intel from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $58.00 to $50.00 in a research note on Friday, January 25th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Intel presently has an average rating of “Hold” and a consensus target price of $55.40.

In related news, EVP Navin Shenoy sold 1,518 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $46.11, for a total value of $69,994.98. Following the transaction, the executive vice president now owns 52,419 shares in the company, valued at approximately $2,417,040.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the completion of the sale, the executive vice president now directly owns 48,140 shares of the company’s stock, valued at approximately $2,647,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,431 shares of company stock worth $3,500,497. 0.02% of the stock is owned by company insiders.

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Intel Profile

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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