Epoch Investment Partners Inc. Lowers Stake in Intel Co. (INTC)

Epoch Investment Partners Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,663,100 shares of the chip maker’s stock after selling 79,908 shares during the period. Epoch Investment Partners Inc. owned approximately 0.08% of Intel worth $139,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of INTC. Janus Henderson Group PLC raised its position in shares of Intel by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors raised its position in shares of Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors raised its position in shares of Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. raised its position in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Intel by 40.8% in the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after purchasing an additional 4,029,462 shares during the period. 67.74% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on INTC. UBS Group set a $51.00 target price on shares of Intel and gave the stock a “buy” rating in a report on Monday, January 29th. MKM Partners upped their target price on shares of Intel to $55.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Vetr lowered shares of Intel from a “buy” rating to a “sell” rating and set a $47.74 target price on the stock. in a report on Monday, January 29th. Citigroup began coverage on shares of Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 target price on the stock. Finally, Nomura reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $49.33.

Shares of Intel Co. (NASDAQ:INTC) opened at $45.80 on Friday. The stock has a market cap of $213,790.00, a price-to-earnings ratio of 14.63, a PEG ratio of 1.56 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. Intel Co. has a 12 month low of $33.23 and a 12 month high of $50.85.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. analysts forecast that Intel Co. will post 3.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.62%. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is presently 38.34%.

In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The disclosure for this sale can be found here. Insiders have sold a total of 930,369 shares of company stock valued at $41,275,001 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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