Westside Investment Management Inc. grew its position in Intel Co. (NASDAQ:INTC) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,615 shares of the chip maker’s stock after purchasing an additional 1,300 shares during the period. Westside Investment Management Inc.’s holdings in Intel were worth $662,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Janus Henderson Group PLC boosted its holdings in shares of 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 in the last quarter. Capital Research Global Investors boosted its holdings in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its holdings in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Intel by 40.8% during the second quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after buying an additional 4,029,462 shares in the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.
In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total transaction of $66,959.16. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $68,474.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 889,878 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction 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 in the last 90 days. 0.08% of the stock is owned by insiders.
Intel Co. (NASDAQ INTC) opened at $46.32 on Wednesday. The firm has a market cap of $216,780.00, a price-to-earnings ratio of 14.80, a PEG ratio of 1.54 and a beta of 1.07. 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 Co. has a twelve month low of $33.23 and a twelve month high of $50.85.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.22. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $16.34 billion. Intel had a net margin of 27.64% and a return on equity of 27.01%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. sell-side analysts forecast that Intel Co. will post 3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio (DPR) is currently 38.34%.
INTC has been the subject of a number of research reports. Barclays restated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Monday, November 13th. Goldman Sachs Group set a $43.00 target price on shares of Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Instinet raised their target price on shares of Intel to $50.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 target price on shares of Intel and gave the stock a “sell” rating in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average 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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