Anderson Hoagland & Co. boosted its stake in Intel Co. (NASDAQ:INTC) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,634 shares of the chip maker’s stock after purchasing an additional 7,414 shares during the quarter. Anderson Hoagland & Co.’s holdings in Intel were worth $1,368,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in 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 acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors grew its position in 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 acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors grew its position in 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 acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors bought a new position in Intel in the third quarter valued at about $339,563,000. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 8,087,302 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.
In other Intel news, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $45.63, for a total value of $98,332.65. Following the transaction, the executive vice president now directly owns 20,933 shares of the company’s stock, valued at $955,172.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,914 shares of company stock worth $6,011,490. Insiders own 0.08% of the company’s stock.
Intel Co. (INTC) opened at $50.83 on Friday. Intel Co. has a 12 month low of $33.23 and a 12 month high of $53.78. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $240,635.39, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01.
Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $16.34 billion. During the same period in the previous year, the firm earned $0.79 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year. equities research analysts anticipate that Intel Co. will post 3.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 60.61%.
A number of research analysts have issued reports on the company. Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research report on Wednesday, January 10th. Needham & Company LLC lifted their target price on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Wells Fargo reiterated an “outperform” rating and issued a $60.00 target price (up previously from $55.00) on shares of Intel in a research report on Thursday. SunTrust Banks reiterated a “hold” rating and issued a $50.00 target price on shares of Intel in a research report on Friday, January 26th. Finally, Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 target price on the stock. in a research report on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.17.
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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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