Boston Research & Management Inc. increased its holdings in Intel Co. (NASDAQ:INTC) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,744 shares of the chip maker’s stock after buying an additional 2,751 shares during the period. Intel accounts for 2.3% of Boston Research & Management Inc.’s holdings, making the stock its 5th largest position. Boston Research & Management Inc.’s holdings in Intel were worth $4,521,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Papp L Roy & Associates raised its position in Intel by 1.2% during the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after purchasing an additional 800 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in Intel during the second quarter valued at approximately $555,000. United Bank raised its position in Intel by 108.0% during the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after purchasing an additional 22,765 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Intel by 182.1% during the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after purchasing an additional 9,746 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its position in Intel by 15.6% during the second quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after purchasing an additional 16,340 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.
Intel Co. (INTC) opened at $44.83 on Tuesday. The stock has a market cap of $209,800.00, a PE ratio of 22.64, a PEG ratio of 1.49 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel Co. has a 1 year low of $33.23 and a 1 year high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (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 net margin of 15.30% and a return on equity of 24.33%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. research analysts forecast that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is 60.61%.
In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the sale, the insider now owns 1,536 shares in the company, valued at approximately $75,371.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total transaction of $66,959.16. Following the completion of the sale, the insider now owns 1,536 shares in the company, valued at approximately $68,474.88. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock worth $41,387,752 in the last three months. Insiders own 0.08% of the company’s stock.
INTC has been the subject of several research analyst reports. Canaccord Genuity boosted their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price objective on shares of Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a research report on Thursday, January 4th. Stifel Nicolaus boosted their price objective on shares of Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on shares of Intel and gave the stock a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $49.33.
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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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