LSV Asset Management increased its position in shares of Intel Co. (NASDAQ:INTC) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,251,096 shares of the chip maker’s stock after acquiring an additional 186,641 shares during the period. Intel comprises 1.8% of LSV Asset Management’s investment portfolio, making the stock its 4th biggest position. LSV Asset Management owned approximately 0.54% of Intel worth $1,194,124,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quad Cities Investment Group LLC acquired a new stake in Intel in the 2nd quarter valued at about $107,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock valued at $120,000 after purchasing an additional 2,000 shares in the last quarter. Ironwood Financial llc raised its position in Intel by 429.0% in the 3rd quarter. Ironwood Financial llc now owns 2,645 shares of the chip maker’s stock valued at $125,000 after purchasing an additional 2,145 shares in the last quarter. Arlington Partners LLC acquired a new stake in Intel in the 3rd quarter valued at about $151,000. Finally, Cerebellum GP LLC acquired a new stake in Intel in the 3rd quarter valued at about $188,000. 66.38% of the stock is currently owned by hedge funds and other institutional investors.
INTC opened at $48.77 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $228.49 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. Intel Co. has a 12 month low of $42.36 and a 12 month high of $57.60.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Intel had a return on equity of 30.08% and a net margin of 29.72%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. As a group, research analysts forecast that Intel Co. will post 4.5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be issued a $0.315 dividend. This is a boost from Intel’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, February 6th. Intel’s dividend payout ratio (DPR) is currently 27.51%.
Intel announced that its board has approved a stock repurchase plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the chip maker to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms have issued reports on INTC. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $55.00 price target on shares of Intel in a research report on Wednesday, January 23rd. Macquarie set a $60.00 price target on Intel and gave the company a “buy” rating in a research report on Monday, October 29th. BidaskClub lowered Intel from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine lowered Intel from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Citigroup increased their price target on Intel from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, January 11th. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.76.
In other news, EVP Navin Shenoy sold 4,522 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $50.00, for a total value of $226,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Holmes Swan purchased 5,117 shares of Intel stock in a transaction dated Thursday, November 29th. The stock was acquired at an average cost of $48.30 per share, with a total value of $247,151.10. Following the completion of the acquisition, the chief executive officer now directly owns 131,839 shares in the company, valued at $6,367,823.70. The disclosure for this purchase can be found here. Insiders sold a total of 18,039 shares of company stock valued at $870,162 over the last three months. Insiders own 0.03% of the company’s stock.
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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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