Chelsea Counsel Co. grew its position in shares of Intel Co. (NASDAQ:INTC) by 23.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,525 shares of the chip maker’s stock after acquiring an additional 5,749 shares during the period. Chelsea Counsel Co.’s holdings in Intel were worth $1,409,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 8,087,302 shares during the period. Capital World Investors raised its holdings in Intel by 5.5% in 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 during the period. Capital Research Global Investors raised its holdings in Intel by 9.1% in 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 purchasing an additional 10,744,753 shares during the period. Dimensional Fund Advisors LP raised its holdings in Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares during the period. Finally, Legal & General Group Plc raised its holdings in Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares during the period. Hedge funds and other institutional investors own 69.16% of the company’s stock.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin Thomas Mcbride sold 686 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $46.56, for a total transaction of $31,940.16. Following the sale, the vice president now owns 6,472 shares in the company, valued at $301,336.32. The disclosure for this sale can be found here. Insiders have sold a total of 123,914 shares of company stock valued at $6,011,490 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on the company. Sanford C. Bernstein set a $34.00 price target on Intel and gave the company a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC raised their price objective on Intel from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 26th. SunTrust Banks restated a “hold” rating and set a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Vetr lowered Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a research report on Wednesday, January 17th. Finally, Wells Fargo reiterated a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Intel currently has an average rating of “Buy” and a consensus target price of $50.79.
Shares of INTC traded down $1.59 during mid-day trading on Friday, hitting $48.79. 28,207,429 shares of the company were exchanged, compared to its average volume of 36,390,043. Intel Co. has a 1-year low of $33.23 and a 1-year high of $53.78. The company has a market cap of $233,353.33, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same quarter in the prior year, the company earned $0.79 EPS. Intel’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts expect that Intel Co. will post 3.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. Intel’s payout ratio is currently 34.68%.
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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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