Miles Capital Inc. acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,681 shares of the chip maker’s stock, valued at approximately $216,000.
A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Intel by 2.5% during the 2nd 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 last quarter. Capital World Investors increased its position in shares of Intel by 5.5% during the 2nd 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 last quarter. Capital Research Global Investors increased its position in shares of Intel by 9.1% during the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after purchasing an additional 502,225 shares during the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.
NASDAQ:INTC opened at $51.86 on Monday. The company has a market capitalization of $246,640.88, a P/E ratio of 14.99, a PEG ratio of 1.77 and a beta of 0.95. Intel Co. has a 1-year low of $33.23 and a 1-year 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.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. equities analysts forecast that Intel Co. will post 3.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a $0.30 dividend. The ex-dividend date is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. Intel’s payout ratio is 34.68%.
Several equities research analysts recently weighed in on the company. Tigress Financial raised Intel from a “neutral” rating to a “buy” rating and set a $50.34 price objective for the company in a report on Thursday, April 5th. Morningstar set a $41.00 price objective on Intel and gave the stock a “neutral” rating in a report on Friday, January 26th. Morgan Stanley lifted their price objective on Intel from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. KeyCorp lifted their price objective on Intel from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, ValuEngine lowered Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. Intel presently has a consensus rating of “Buy” and a consensus target price of $50.87.
In related news, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $436,423.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total value of $31,940.16. Following the completion of the sale, the vice president now owns 6,472 shares of the company’s stock, valued at approximately $301,336.32. The disclosure for this sale can be found here. Insiders sold a total of 123,914 shares of company stock valued at $6,011,490 in the last 90 days. 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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