Dimensional Fund Advisors LP boosted its holdings in Intel Co. (NASDAQ:INTC) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,998,381 shares of the chip maker’s stock after buying an additional 397,082 shares during the quarter. Intel accounts for approximately 0.8% of Dimensional Fund Advisors LP’s holdings, making the stock its 6th biggest position. Dimensional Fund Advisors LP owned approximately 1.09% of Intel worth $1,941,934,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of INTC. Jackson Grant Investment Advisers Inc. grew its stake in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 29 shares during the period. Paradigm Financial Advisors LLC grew its stake in shares of Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares during the period. Marathon Capital Management grew its stake in shares of Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after acquiring an additional 80 shares during the period. Sonata Capital Group Inc. grew its stake in shares of Intel by 0.9% during the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after acquiring an additional 100 shares during the period. Finally, WealthTrust Fairport LLC grew its stake in shares of Intel by 0.4% during the 2nd quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock valued at $1,086,000 after acquiring an additional 120 shares during the period. 67.74% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Navin Shenoy sold 716 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total value of $35,263.00. Following the sale, the executive vice president now owns 21,135 shares in the company, valued at approximately $1,040,898.75. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 over the last ninety days. Insiders own 0.08% of the company’s stock.
A number of research analysts recently issued reports on the company. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price objective for the company. in a research note on Tuesday, February 13th. Citigroup assumed coverage on Intel in a research note on Tuesday, January 30th. They set a “buy” rating and a $58.00 price objective for the company. Macquarie set a $55.00 price objective on Intel and gave the company a “buy” rating in a research note on Tuesday, February 6th. B. Riley reiterated a “buy” rating and set a $55.00 price objective on shares of Intel in a research note on Friday, January 26th. Finally, UBS Group set a $51.00 price objective on Intel and gave the company a “buy” rating in a research note on Monday, January 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.33.
Shares of Intel Co. (NASDAQ INTC) opened at $45.56 on Tuesday. The stock has a market capitalization of $213,220.81, a P/E ratio of 13.13, a PEG ratio of 1.54 and a beta of 1.07. Intel Co. has a twelve month low of $33.23 and a twelve month high of $50.85. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. equities research analysts predict that Intel Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is 60.61%.
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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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