Intersect Capital LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,237 shares of the chip maker’s stock after purchasing an additional 2,800 shares during the period. Intel accounts for approximately 3.4% of Intersect Capital LLC’s portfolio, making the stock its 4th biggest holding. Intersect Capital LLC’s holdings in Intel were worth $7,021,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of INTC. Platinum Investment Management Ltd. increased its stake in shares of Intel by 192.0% in the first quarter. Platinum Investment Management Ltd. now owns 4,712,431 shares of the chip maker’s stock worth $245,423,000 after purchasing an additional 3,098,600 shares during the period. Millennium Management LLC increased its stake in shares of Intel by 232.8% in the first quarter. Millennium Management LLC now owns 1,750,545 shares of the chip maker’s stock worth $91,168,000 after purchasing an additional 3,069,040 shares during the period. FIL Ltd increased its stake in shares of Intel by 71.2% in the first quarter. FIL Ltd now owns 6,385,865 shares of the chip maker’s stock worth $332,575,000 after purchasing an additional 2,655,452 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Intel by 5,457.4% in the first quarter. Summit Trail Advisors LLC now owns 1,427,651 shares of the chip maker’s stock worth $1,428,000 after purchasing an additional 1,401,962 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Intel by 17.8% in the first quarter. Principal Financial Group Inc. now owns 9,052,102 shares of the chip maker’s stock worth $471,433,000 after purchasing an additional 1,364,754 shares during the period. Institutional investors and hedge funds own 65.37% of the company’s stock.
NASDAQ INTC opened at $45.89 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.15 and a current ratio of 1.57. The company has a market cap of $221.24 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.35 and a beta of 0.97. Intel Co. has a 1-year low of $39.60 and a 1-year high of $57.60.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 26th. The chip maker reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.05. The company had revenue of $16.96 billion for the quarter, compared to the consensus estimate of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts predict that Intel Co. will post 4.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, November 6th. Intel’s payout ratio is 34.68%.
A number of equities analysts have recently commented on INTC shares. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, September 26th. KeyCorp dropped their price objective on Intel from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $65.00 price objective on shares of Intel in a research note on Thursday, June 21st. BidaskClub lowered Intel from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Finally, Royal Bank of Canada dropped their price objective on Intel from $57.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday, October 1st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.08.
In other Intel news, EVP Navin Shenoy sold 601 shares of Intel stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the sale, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Holmes Swan acquired 5,243 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were bought at an average cost of $47.69 per share, for a total transaction of $250,038.67. Following the completion of the acquisition, the chief executive officer now directly owns 71,672 shares of the company’s stock, valued at approximately $3,418,037.68. The disclosure for this purchase can be found here. Insiders have sold 4,077 shares of company stock worth $205,757 over the last ninety days. Company insiders own 0.03% of the company’s stock.
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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