BT Investment Management Ltd acquired a new position in Intel Corporation (NASDAQ:INTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 439,730 shares of the chip maker’s stock, valued at approximately $14,836,000.
Several other institutional investors have also modified their holdings of INTC. Watermark Asset Management Inc. bought a new stake in Intel during the first quarter valued at $113,000. Vigilant Capital Management LLC boosted its position in Intel by 22.6% during the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock valued at $158,000 after acquiring an additional 805 shares during the last quarter. Winfield Associates Inc. boosted its position in Intel by 6.0% during the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock valued at $156,000 after acquiring an additional 265 shares during the last quarter. Farmers National Bank boosted its position in Intel by 5.1% during the first quarter. Farmers National Bank now owns 4,842 shares of the chip maker’s stock valued at $183,000 after acquiring an additional 234 shares during the last quarter. Finally, Burt Wealth Advisors boosted its position in Intel by 236.1% during the second quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after acquiring an additional 3,471 shares during the last quarter. 67.69% of the stock is currently owned by institutional investors.
In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,914 shares of company stock worth $68,196,589 in the last ninety days. Insiders own 0.08% of the company’s stock.
Intel Corporation (NASDAQ INTC) opened at $43.08 on Friday. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $47.30. The stock has a market cap of $203,346.00, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.60 and a quick ratio of 1.27.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to analyst estimates of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. equities research analysts expect that Intel Corporation will post 3.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, November 6th. Intel’s payout ratio is 38.11%.
A number of analysts have commented on the stock. Sanford C. Bernstein set a $30.00 price target on shares of Intel and gave the company a “sell” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $40.00 price target (up previously from $37.00) on shares of Intel in a research report on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Intel in a research report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $45.00 price target on shares of Intel in a research report on Friday, October 27th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Intel currently has an average rating of “Buy” and a consensus price target of $43.68.
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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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