Citizens Financial Group Inc. RI lifted its stake in Intel Co. (NASDAQ:INTC) by 8.3% in the third quarter, HoldingsChannel.com reports. The firm owned 53,272 shares of the chip maker’s stock after buying an additional 4,101 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intel were worth $2,029,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in INTC. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 8,087,302 shares during the period. Capital World Investors boosted its holdings in 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 acquiring an additional 10,257,260 shares during the period. Capital Research Global Investors boosted its holdings in 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 acquiring an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 397,082 shares during the period. Finally, Legal & General Group Plc boosted its holdings in 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 acquiring an additional 502,225 shares during the period. Hedge funds and other institutional investors own 67.74% of the company’s stock.
Intel Co. (INTC) opened at $47.73 on Friday. Intel Co. has a one year low of $33.23 and a one year high of $50.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. The firm has a market capitalization of $232,190.00, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.55 and a beta of 1.07.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for 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%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. analysts predict that Intel Co. will post 3.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 6th. This is an increase from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is presently 38.34%.
A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on Intel in a report on Tuesday, January 30th. They set a “buy” rating and a $58.00 price objective for the company. Vetr cut Intel from a “strong-buy” rating to a “buy” rating and set a $50.05 price objective for the company. in a report on Tuesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $55.00 target price on shares of Intel in a research report on Friday, January 26th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $48.00 target price on shares of Intel in a research report on Friday, January 26th. Finally, UBS Group set a $51.00 target price on Intel and gave the company a “buy” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. Intel has a consensus rating of “Buy” and a consensus price target of $49.33.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares in the company, valued at approximately $11,808,957.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 17,946 shares of the business’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 disclosure for this sale can be found here. In the last quarter, insiders have sold 930,369 shares of company stock worth $41,275,001. Company insiders own 0.08% of the company’s stock.
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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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