Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 11.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,803 shares of the chip maker’s stock after buying an additional 3,603 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Intel were worth $1,174,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of INTC. Watermark Asset Management Inc. acquired a new position in Intel in the 1st quarter worth about $113,000. Winfield Associates Inc. increased its holdings in Intel by 6.0% in the 2nd quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares in the last quarter. Vigilant Capital Management LLC increased its holdings in Intel by 22.6% in the 1st quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after purchasing an additional 805 shares in the last quarter. Burt Wealth Advisors increased its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock worth $166,000 after purchasing an additional 3,471 shares in the last quarter. Finally, Farmers National Bank increased its holdings in Intel by 5.1% in the 1st quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock worth $183,000 after purchasing an additional 234 shares in the last quarter. 67.69% of the stock is owned by institutional investors.
Intel Corporation (NASDAQ:INTC) opened at $43.45 on Thursday. Intel Corporation has a twelve month low of $33.23 and a twelve month high of $47.30. The stock has a market capitalization of $203,299.19, a PE ratio of 13.66, a P/E/G ratio of 1.59 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel had a return on equity of 22.65% and a net margin of 22.31%. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the business earned $0.80 EPS. Intel’s revenue was up 2.4% compared to the same quarter last year. equities analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th were given a dividend of $0.2725 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.09 annualized dividend and a yield of 2.51%. Intel’s payout ratio is 38.11%.
In other Intel news, CEO Brian M. Krzanich sold 61,860 shares of Intel stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now directly owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. Insiders own 0.08% of the company’s stock.
Several brokerages have recently weighed in on INTC. Sanford C. Bernstein set a $30.00 price target on Intel and gave the company a “sell” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Intel in a research note on Friday, October 6th. KeyCorp reissued a “buy” rating and issued a $50.00 price target on shares of Intel in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Intel in a research note on Friday, October 27th. Finally, Deutsche Bank reissued a “buy” rating and issued a $45.00 price target on shares of Intel in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.68.
Intel Company Profile
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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