Legal & General Group Plc increased its stake in shares of Intel Co. (NASDAQ:INTC) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,011,028 shares of the chip maker’s stock after purchasing an additional 502,225 shares during the quarter. Intel makes up approximately 0.7% of Legal & General Group Plc’s holdings, making the stock its 22nd largest holding. Legal & General Group Plc owned 0.56% of Intel worth $990,439,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. purchased a new stake in Intel in the 3rd quarter valued at about $119,000. Acrospire Investment Management LLC grew its holdings in Intel by 111.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock valued at $121,000 after buying an additional 1,900 shares during the period. JFS Wealth Advisors LLC grew its holdings in Intel by 47.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock valued at $147,000 after buying an additional 1,233 shares during the period. Burt Wealth Advisors grew its holdings in Intel by 236.1% in the 2nd quarter. Burt Wealth Advisors now owns 4,941 shares of the chip maker’s stock valued at $166,000 after buying an additional 3,471 shares during the period. Finally, Family Capital Trust Co grew its holdings in Intel by 350.0% in the 3rd quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock valued at $171,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 67.48% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $44.58, for a total value of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $68,474.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. 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 over the last three months. 0.08% of the stock is currently owned by corporate insiders.
INTC has been the subject of several recent analyst reports. Canaccord Genuity lifted their price target on Intel from $41.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the company a “buy” rating in a report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a report on Thursday, January 4th. Stifel Nicolaus lifted their price target on Intel from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on Intel and gave the company a “buy” rating in a report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.33.
Intel Co. (NASDAQ:INTC) opened at $44.46 on Wednesday. The company has a market capitalization of $208,070.00, a P/E ratio of 22.45, a P/E/G 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 52-week low of $33.23 and a 52-week high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 EPS. analysts predict that Intel Co. will post 3.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.70%. Intel’s payout ratio is 60.61%.
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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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