Suffolk Capital Management LLC acquired a new position in Intel (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 160,424 shares of the chip maker’s stock, valued at approximately $7,405,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Intel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after acquiring an additional 397,082 shares during the last quarter. Legal & General Group Plc increased its stake in Intel by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after acquiring an additional 502,225 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Intel by 1.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,922,946 shares of the chip maker’s stock worth $1,196,451,000 after acquiring an additional 359,143 shares during the last quarter. LSV Asset Management increased its stake in Intel by 1.7% in the 4th quarter. LSV Asset Management now owns 24,277,592 shares of the chip maker’s stock worth $1,120,653,000 after acquiring an additional 410,684 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Intel by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 21,803,004 shares of the chip maker’s stock worth $1,006,427,000 after acquiring an additional 532,817 shares during the last quarter. 68.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of INTC stock opened at $54.81 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.58 and a quick ratio of 1.23. The firm has a market capitalization of $255.62 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.69 and a beta of 0.94. Intel has a twelve month low of $53.98 and a twelve month high of $54.37.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.08 billion. Intel had a return on equity of 25.41% and a net margin of 17.32%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. equities analysts forecast that Intel will post 3.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is currently 34.68%.
A number of analysts have issued reports on the company. B. Riley lifted their price objective on Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Stifel Nicolaus boosted their target price on Intel from $53.00 to $57.00 and gave the company a “hold” rating in a research report on Friday, April 27th. Bank of America reissued a “buy” rating and set a $65.00 target price on shares of Intel in a research report on Wednesday, April 18th. Tigress Financial raised Intel from a “neutral” rating to a “buy” rating and set a $50.34 target price on the stock in a research report on Thursday, April 5th. Finally, Cowen began coverage on Intel in a research report on Thursday. They set a “market perform” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $55.28.
In related news, EVP Navin Shenoy sold 498 shares of the company’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $52.31, for a total transaction of $26,050.38. Following the completion of the sale, the executive vice president now directly owns 30,502 shares in the company, valued at approximately $1,595,559.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian M. Krzanich sold 74,456 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total value of $3,623,773.52. The disclosure for this sale can be found here. Insiders have sold a total of 97,301 shares of company stock valued at $4,785,697 over the last 90 days. 0.03% of the stock is currently owned by company insiders.
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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