Atria Investments LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,277 shares of the chip maker’s stock after purchasing an additional 9,973 shares during the period. Atria Investments LLC’s holdings in Intel were worth $3,382,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of INTC. Janus Henderson Group PLC lifted its stake in shares of Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors raised its stake 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 worth $4,338,344,000 after buying an additional 10,744,753 shares during the period. Capital World Investors increased 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 worth $6,672,097,000 after purchasing an additional 10,257,260 shares in the last quarter. Capital International Investors bought a new stake in Intel during the 3rd quarter worth approximately $339,563,000. Finally, Vanguard Group Inc. increased 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 worth $11,252,292,000 after purchasing an additional 8,087,302 shares in the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.
In other news, VP Kevin Thomas Mcbride sold 686 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $46.56, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by company insiders.
INTC traded down $1.59 on Friday, hitting $48.79. The company had a trading volume of 28,215,164 shares, compared to its average volume of 33,605,900. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. Intel Co. has a 52-week low of $33.23 and a 52-week high of $53.78. The firm has a market capitalization of $235,173.84, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. analysts expect that Intel Co. will post 3.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.46%. Intel’s payout ratio is currently 34.68%.
A number of brokerages have commented on INTC. 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. UBS began coverage on Intel in a report on Thursday. They set a “buy” rating and a $70.00 price objective for the company. Stifel Nicolaus lowered Intel from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a report on Wednesday. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $54.41 price objective for the company. in a report on Friday, March 30th. Finally, Zacks Investment Research downgraded Intel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.79.
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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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