NN Investment Partners Holdings N.V. boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 15.2% during the first quarter, Holdings Channel reports. The fund owned 1,096,292 shares of the chip maker’s stock after acquiring an additional 144,570 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Intel were worth $70,163,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of INTC. Curi Capital bought a new position in shares of Intel in the 4th quarter valued at about $26,000. DB Wealth Management Group LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $29,000. Annapolis Financial Services LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $30,000. Ogorek Anthony Joseph NY ADV acquired a new stake in shares of Intel in the 4th quarter valued at approximately $31,000. Finally, JCIC Asset Management Inc. raised its holdings in Intel by 177.5% during the 1st quarter. JCIC Asset Management Inc. now owns 566 shares of the chip maker’s stock worth $36,000 after buying an additional 362 shares during the period. 63.25% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. set a $80.00 price target on shares of Intel and gave the company a “buy” rating in a report on Wednesday, April 7th. Cowen boosted their price objective on shares of Intel from $75.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, January 22nd. Raymond James reissued an “underperform” rating on shares of Intel in a research report on Wednesday, April 21st. Evercore ISI upped their price target on shares of Intel from $68.00 to $75.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 30th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $59.00 price target on shares of Intel in a research report on Friday, April 23rd. Twelve investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.59.
Shares of INTC stock traded down $1.09 on Tuesday, reaching $56.17. The company had a trading volume of 839,260 shares, compared to its average volume of 35,212,270. The stock has a market capitalization of $226.81 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48. Intel Co. has a one year low of $43.61 and a one year high of $68.49. The business’s 50-day moving average is $63.41 and its 200 day moving average is $55.51.
Intel (NASDAQ:INTC) last posted its earnings results on Wednesday, April 21st. The chip maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.24. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $17.97 billion. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, sell-side analysts forecast that Intel Co. will post 4.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be issued a dividend of $0.3475 per share. This represents a $1.39 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, May 6th. Intel’s dividend payout ratio (DPR) is currently 28.54%.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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