Davis Selected Advisers grew its stake in Intel Co. (NASDAQ:INTC) by 1,088.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 422,981 shares of the chip maker’s stock after purchasing an additional 387,385 shares during the period. Davis Selected Advisers’ holdings in Intel were worth $16,091,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of INTC. Financial Engines Advisors L.L.C. acquired a new position in Intel in the third quarter valued at approximately $119,000. Acrospire Investment Management LLC lifted its stake in Intel by 111.8% during the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Intel by 47.1% during the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in Intel during the third quarter worth $158,000. Finally, Burt Wealth Advisors lifted its stake in Intel by 236.1% during the second 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. 69.22% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on INTC. Sanford C. Bernstein set a $34.00 price objective on Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC increased their target price on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price objective on shares of Intel in a report on Friday, January 26th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective on the stock. in a report on Wednesday, January 17th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.04.
Intel Co. (INTC) traded up $0.06 during midday trading on Wednesday, hitting $51.84. 18,790,474 shares of the company traded hands, compared to its average volume of 36,902,699. 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 company has a market cap of $241,500.00, a P/E ratio of 16.55, a P/E/G ratio of 1.74 and a beta of 1.01. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78.
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 Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same period in the prior year, the firm earned $0.79 EPS. Intel’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. Intel’s dividend payout ratio is 38.34%.
In other news, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total transaction of $31,940.16. Following the transaction, the vice president now directly owns 6,472 shares of the company’s stock, valued at $301,336.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,914 shares of company stock valued at $6,011,490. Insiders own 0.08% of the company’s stock.
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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