Sun Life Financial INC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 25.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,900 shares of the chip maker’s stock after acquiring an additional 8,875 shares during the quarter. Sun Life Financial INC’s holdings in Intel were worth $1,672,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in INTC. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Intel by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after purchasing an additional 29 shares during the last quarter. Paradigm Financial Advisors LLC grew its holdings in shares of Intel by 0.3% during the second quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after purchasing an additional 67 shares during the last quarter. Marathon Capital Management grew its holdings in shares of Intel by 0.7% during the second quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after purchasing an additional 80 shares during the last quarter. Sonata Capital Group Inc. grew its holdings in shares of Intel by 0.9% during the second quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock worth $400,000 after purchasing an additional 100 shares during the last quarter. Finally, WealthTrust Fairport LLC grew its holdings in shares of Intel by 0.4% during the second quarter. WealthTrust Fairport LLC now owns 32,181 shares of the chip maker’s stock worth $1,086,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.
Several analysts have recently commented on the company. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 target price on the stock. in a report on Tuesday, February 13th. Citigroup assumed coverage on Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price on the stock. Macquarie set a $55.00 target price on Intel and gave the stock a “buy” rating in a report on Tuesday, February 6th. B. Riley restated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Friday, January 26th. Finally, UBS Group set a $51.00 target price on Intel and gave the stock a “buy” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and a consensus price target of $49.33.
Intel Co. (NASDAQ INTC) opened at $45.56 on Tuesday. 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 Co. has a 1-year low of $33.23 and a 1-year high of $50.85. The stock has a market capitalization of $213,220.81, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts expect that Intel Co. will post 3.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is 60.61%.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was 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 accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $68,474.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 932,755 shares of company stock worth $41,387,752. Company 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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