Marathon Asset Management LLP increased its position in shares of Intel Co. (NASDAQ:INTC) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,746,300 shares of the chip maker’s stock after purchasing an additional 199,461 shares during the quarter. Intel accounts for 2.0% of Marathon Asset Management LLP’s investment portfolio, making the stock its 14th biggest holding. Marathon Asset Management LLP owned approximately 0.06% of Intel worth $126,776,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised its holdings in 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 raised its holdings in 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 raised its holdings in 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. WealthTrust Fairport LLC raised its holdings in 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. Finally, Regal Investment Advisors LLC raised its holdings in Intel by 0.8% during the second quarter. Regal Investment Advisors LLC now owns 21,141 shares of the chip maker’s stock worth $713,000 after purchasing an additional 159 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Sanford C. Bernstein set a $34.00 price target on Intel and gave the stock a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC raised their price target on Intel from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. SunTrust Banks reissued a “hold” rating and set a $50.00 price target on shares of Intel in a research report on Friday, January 26th. Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a research report on Wednesday, January 17th. Finally, Wells Fargo reissued a “buy” rating and set a $55.00 price target on shares of Intel in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.04.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the transaction, the chief executive officer now owns 259,082 shares in the company, valued at $11,808,957.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $436,423.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is currently owned by insiders.
Intel Co. (INTC) opened at $50.83 on Tuesday. The company has a market capitalization of $238,861.55, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. Intel Co. has a one year low of $33.23 and a one year high of $53.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. sell-side analysts expect that Intel Co. will post 3.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio is presently 60.61%.
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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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