Stelliam Investment Management LP raised its position in Intel Co. (NASDAQ:INTC) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,117,500 shares of the chip maker’s stock after buying an additional 42,500 shares during the period. Intel accounts for 2.6% of Stelliam Investment Management LP’s holdings, making the stock its 17th largest position. Stelliam Investment Management LP’s holdings in Intel were worth $76,802,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its stake in Intel by 1.5% in the third quarter. HighPoint Advisor Group LLC now owns 36,790 shares of the chip maker’s stock valued at $1,288,000 after buying an additional 556 shares during the last quarter. Court Place Advisors LLC raised its stake in Intel by 2.1% in the third quarter. Court Place Advisors LLC now owns 128,070 shares of the chip maker’s stock valued at $4,835,000 after buying an additional 2,638 shares during the last quarter. Raymond James Trust N.A. raised its stake in Intel by 3.6% in the third quarter. Raymond James Trust N.A. now owns 214,209 shares of the chip maker’s stock valued at $8,086,000 after buying an additional 7,374 shares during the last quarter. Private Asset Management Inc. raised its stake in Intel by 0.4% in the third quarter. Private Asset Management Inc. now owns 448,140 shares of the chip maker’s stock valued at $16,917,000 after buying an additional 1,914 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in Intel by 237.5% in the third quarter. Albion Financial Group UT now owns 80,767 shares of the chip maker’s stock valued at $3,049,000 after buying an additional 56,838 shares during the last quarter. 65.90% of the stock is currently owned by institutional investors and hedge funds.
Intel Co. (NASDAQ:INTC) traded up 0.622% during midday trading on Friday, reaching $36.405. 1,925,221 shares of the company were exchanged. The firm has a market cap of $172.12 billion, a P/E ratio of 17.172 and a beta of 1.03. Intel Co. has a one year low of $29.50 and a one year high of $38.45. The firm’s 50-day moving average is $35.64 and its 200-day moving average is $35.99.
Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $16.40 billion for the quarter, compared to analyst estimates of $15.75 billion. Intel had a net margin of 17.37% and a return on equity of 20.95%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities analysts expect that Intel Co. will post $2.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be issued a $0.2725 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 3rd. This represents a $1.09 annualized dividend and a dividend yield of 3.01%. Intel’s dividend payout ratio is presently 49.29%.
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Several analysts recently weighed in on the stock. Vetr downgraded shares of Intel from a “hold” rating to a “sell” rating and set a $35.07 target price for the company. in a report on Thursday. Wells Fargo & Co reiterated an “outperform” rating and issued a $45.00 target price on shares of Intel in a report on Wednesday. Royal Bank of Canada restated a “hold” rating and issued a $37.00 price target on shares of Intel in a research note on Monday. Zacks Investment Research downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Finally, Mizuho restated a “buy” rating and issued a $42.00 price target on shares of Intel in a research note on Tuesday, April 11th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-six have issued a buy rating to the company. Intel presently has a consensus rating of “Hold” and an average price target of $40.22.
In other news, CEO Brian M. Krzanich sold 72,172 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $35.21, for a total value of $2,541,176.12. Following the sale, the chief executive officer now owns 549,091 shares of the company’s stock, valued at approximately $19,333,494.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane M. Bryant sold 680 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $37.53, for a total transaction of $25,520.40. Following the completion of the sale, the executive vice president now directly owns 107,758 shares in the company, valued at approximately $4,044,157.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,475 shares of company stock worth $5,929,732. 0.09% of the stock is owned by insiders.
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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