Financial Architects Inc reduced its position in Intel Co. (NASDAQ:INTC) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,964 shares of the chip maker’s stock after selling 267 shares during the quarter. Financial Architects Inc’s holdings in Intel were worth $2,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of Intel by 6.7% during the first quarter. Capital International Investors now owns 99,828,667 shares of the chip maker’s stock worth $6,388,865,000 after acquiring an additional 6,279,519 shares during the last quarter. Geode Capital Management LLC increased its stake in Intel by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 73,850,090 shares of the chip maker’s stock worth $4,715,291,000 after buying an additional 1,288,861 shares during the period. Dimensional Fund Advisors LP increased its stake in Intel by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 38,634,664 shares of the chip maker’s stock worth $2,474,498,000 after buying an additional 629,100 shares during the period. Primecap Management Co. CA grew its holdings in Intel by 5.0% during the 1st quarter. Primecap Management Co. CA now owns 34,208,675 shares of the chip maker’s stock worth $2,189,355,000 after acquiring an additional 1,634,509 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Intel by 4.0% in the 2nd quarter. Fisher Asset Management LLC now owns 31,416,835 shares of the chip maker’s stock valued at $1,763,741,000 after buying an additional 1,221,696 shares in the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.
A number of research firms recently commented on INTC. Barclays lowered their target price on shares of Intel from $58.00 to $50.00 and set an “underweight” rating for the company in a research note on Friday, July 23rd. BMO Capital Markets raised their price target on shares of Intel from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Jefferies Financial Group cut their target price on shares of Intel from $54.00 to $52.00 and set a “hold” rating for the company in a report on Friday, July 23rd. Citigroup lifted their target price on shares of Intel from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 23rd. Finally, Morgan Stanley boosted their price target on shares of Intel from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 23rd. Eleven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.65.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 22nd. The chip maker reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $18.50 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Intel had a return on equity of 27.24% and a net margin of 23.91%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 EPS. On average, equities research analysts predict that Intel Co. will post 4.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Saturday, August 7th were given a $0.3475 dividend. The ex-dividend date was Thursday, August 5th. This represents a $1.39 dividend on an annualized basis and a yield of 2.54%. Intel’s payout ratio is 26.23%.
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.
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