Intel Co. (INTC) Holdings Boosted by AMP Capital Investors Ltd

AMP Capital Investors Ltd raised its stake in shares of Intel Co. (NASDAQ:INTC) by 3.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,257,447 shares of the chip maker’s stock after acquiring an additional 77,005 shares during the period. Intel accounts for about 0.6% of AMP Capital Investors Ltd’s portfolio, making the stock its 28th biggest position. AMP Capital Investors Ltd’s holdings in Intel were worth $112,218,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Intel by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock valued at $2,558,294,000 after acquiring an additional 559,856 shares in the last quarter. LSV Asset Management lifted its stake in Intel by 1.2% during the 2nd quarter. LSV Asset Management now owns 25,064,455 shares of the chip maker’s stock valued at $1,245,954,000 after acquiring an additional 304,293 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Intel by 3.3% during the 2nd quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock valued at $1,164,993,000 after acquiring an additional 745,116 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Intel by 9.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,714,536 shares of the chip maker’s stock valued at $781,170,000 after acquiring an additional 1,308,534 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Intel by 3.1% during the 2nd quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock valued at $769,193,000 after acquiring an additional 458,600 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

Shares of INTC opened at $48.37 on Friday. Intel Co. has a fifty-two week low of $42.04 and a fifty-two week high of $57.60. The stock has a market capitalization of $223.39 billion, a P/E ratio of 13.98, a PEG ratio of 1.25 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 25th. The chip maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The company had revenue of $19.16 billion during the quarter, compared to analyst estimates of $18.11 billion. Sell-side analysts expect that Intel Co. will post 4.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.

Intel declared that its board has authorized a share buyback plan on Thursday, November 15th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the chip maker to buy up to 6.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently commented on the company. BNP Paribas set a $53.00 target price on Intel and gave the stock a “neutral” rating in a research note on Tuesday. Northland Securities cut Intel from a “market perform” rating to an “under perform” rating in a research note on Tuesday. ValuEngine upgraded Intel from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. DZ Bank cut Intel from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Thursday, November 29th. Finally, UBS Group cut Intel from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Six equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.60.

In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of Intel stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Holmes Swan bought 5,117 shares of Intel stock in a transaction on Thursday, November 29th. The shares were bought at an average cost of $48.30 per share, with a total value of $247,151.10. Following the acquisition, the chief executive officer now directly owns 131,839 shares in the company, valued at $6,367,823.70. The disclosure for this purchase can be found here. In the last three months, insiders sold 13,257 shares of company stock valued at $624,095. 0.03% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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