Stifel Financial Corp increased its position in shares of Intel Co. (NASDAQ:INTC) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,276,571 shares of the chip maker’s stock after buying an additional 258,880 shares during the period. Stifel Financial Corp’s holdings in Intel were worth $163,009,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinebridge Investments L.P. boosted its holdings in Intel by 29.6% in the 3rd quarter. Pinebridge Investments L.P. now owns 145,546 shares of the chip maker’s stock valued at $5,543,000 after purchasing an additional 33,254 shares during the period. Westside Investment Management Inc. boosted its holdings in Intel by 8.5% in the 3rd quarter. Westside Investment Management Inc. now owns 16,615 shares of the chip maker’s stock valued at $662,000 after purchasing an additional 1,300 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in Intel by 16.2% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 51,218 shares of the chip maker’s stock valued at $1,951,000 after purchasing an additional 7,158 shares during the period. Tredje AP fonden boosted its holdings in Intel by 32.0% in the 3rd quarter. Tredje AP fonden now owns 384,700 shares of the chip maker’s stock valued at $14,649,000 after purchasing an additional 93,280 shares during the period. Finally, Vivaldi Capital Management LLC bought a new stake in Intel in the 3rd quarter valued at $273,000. 67.74% of the stock is owned by institutional investors and hedge funds.
INTC has been the subject of a number of research reports. Barclays reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a report on Monday, November 13th. Goldman Sachs Group set a $43.00 price target on shares of Intel and gave the company a “neutral” rating in a report on Tuesday, December 12th. BidaskClub downgraded shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Instinet increased their price target on shares of Intel to $50.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the company a “sell” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.33.
Shares of Intel Co. (NASDAQ:INTC) opened at $45.94 on Thursday. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $50.85. 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 $216,777.59, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 4.1% on a year-over-year basis. equities analysts forecast that Intel Co. will post 3.52 earnings per share for the current year.
The business also recently disclosed 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 2.61%. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 60.61%.
In other Intel news, CEO Brian M. Krzanich sold 8,659 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navin Shenoy sold 716 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $49.25, for a total transaction of $35,263.00. Following the sale, the executive vice president now directly owns 21,135 shares in the company, valued at approximately $1,040,898.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,755 shares of company stock worth $41,387,752. Insiders own 0.08% of the company’s stock.
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Intel Company Profile
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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