OppenheimerFunds Inc. increased its position in Intel (NASDAQ:INTC) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,018,717 shares of the chip maker’s stock after acquiring an additional 116,496 shares during the period. OppenheimerFunds Inc.’s holdings in Intel were worth $47,024,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goodman Financial Corp acquired a new stake in shares of Intel in the 4th quarter worth approximately $102,000. Delphi Private Advisors LLC grew its holdings in Intel by 286.1% during the 4th quarter. Delphi Private Advisors LLC now owns 2,911 shares of the chip maker’s stock valued at $134,000 after buying an additional 2,157 shares during the last quarter. First Dallas Securities Inc. acquired a new stake in Intel during the 4th quarter valued at $144,000. Financial Engines Advisors L.L.C. acquired a new stake in Intel during the 3rd quarter valued at $119,000. Finally, Keeler Thomas Management LLC acquired a new stake in Intel during the 4th quarter valued at $176,000. Institutional investors and hedge funds own 67.02% of the company’s stock.
Intel opened at $55.44 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.58. Intel has a 12 month low of $33.23 and a 12 month high of $55.79. The stock has a market capitalization of $256.14 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.69 and a beta of 0.94.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. Intel had a return on equity of 25.41% and a net margin of 17.32%. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. equities research analysts anticipate that Intel will post 3.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 34.68%.
In other Intel news, CEO Brian M. Krzanich sold 74,456 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Navin Shenoy sold 8,967 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $436,423.89. The disclosure for this sale can be found here. Insiders sold 96,615 shares of company stock worth $4,753,757 over the last three months. 0.03% of the stock is currently owned by corporate insiders.
A number of equities research analysts have commented on INTC shares. Vetr upgraded Intel from a “buy” rating to a “strong-buy” rating and set a $49.56 target price on the stock in a report on Monday, February 12th. Raymond James upgraded Intel from an “underperform” rating to a “market perform” rating in a report on Monday, March 26th. Nomura increased their target price on Intel from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, February 26th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $55.00 target price on shares of Intel in a report on Friday, January 26th. Finally, Bank of America reiterated a “buy” rating and set a $61.00 target price (up previously from $52.00) on shares of Intel in a report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.43.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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