PGGM Investments lessened its stake in Intel Co. (NASDAQ:INTC) by 47.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,382,700 shares of the chip maker’s stock after selling 2,191,562 shares during the quarter. PGGM Investments’ holdings in Intel were worth $109,985,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Beach Investment Management LLC. bought a new stake in shares of Intel in the second quarter worth about $371,000. Cim Investment Mangement Inc. increased its holdings in shares of Intel by 64.5% in the second quarter. Cim Investment Mangement Inc. now owns 78,092 shares of the chip maker’s stock worth $2,635,000 after acquiring an additional 30,632 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Intel by 0.9% in the second quarter. Wesbanco Bank Inc. now owns 321,592 shares of the chip maker’s stock worth $10,851,000 after acquiring an additional 2,793 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its holdings in shares of Intel by 1.0% in the second quarter. Marble Harbor Investment Counsel LLC now owns 53,039 shares of the chip maker’s stock worth $1,790,000 after acquiring an additional 500 shares in the last quarter. Finally, Covington Investment Advisors Inc. increased its holdings in shares of Intel by 1.1% in the second quarter. Covington Investment Advisors Inc. now owns 99,041 shares of the chip maker’s stock worth $3,342,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 69.16% of the company’s stock.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was 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 is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,502 shares of the firm’s stock in a transaction 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 owns 1,536 shares in the company, valued at approximately $68,474.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,914 shares of company stock worth $6,011,490. 0.08% of the stock is owned by corporate insiders.
Shares of NASDAQ INTC opened at $48.79 on Friday. The company has a market cap of $235,173.84, a PE ratio of 14.10, a PEG ratio of 1.69 and a beta of 0.95. 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 1-year low of $33.23 and a 1-year high of $53.78.
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 Zacks’ consensus estimate of $0.86 by $0.22. The company 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%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. equities research analysts predict that Intel Co. will post 3.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be paid 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 dividend payout ratio (DPR) is currently 34.68%.
Several equities research analysts have issued reports on INTC shares. Maxim Group increased their price target on Intel to $50.00 and gave the stock a “buy” rating in a report on Monday, December 11th. They noted that the move was a valuation call. Goldman Sachs set a $43.00 price target on Intel and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Mizuho reiterated a “buy” rating and set a $47.00 price objective on shares of Intel in a report on Tuesday, December 26th. BidaskClub downgraded Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Vetr downgraded Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 price objective for the company. in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.79.
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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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