Legal & General Group Plc grew its stake in Intel Corporation (NASDAQ:INTC) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,508,803 shares of the chip maker’s stock after buying an additional 412,747 shares during the quarter. Intel Corporation accounts for approximately 0.7% of Legal & General Group Plc’s portfolio, making the stock its 26th biggest position. Legal & General Group Plc owned approximately 0.54% of Intel Corporation worth $860,658,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ARP Americas LLC purchased a new stake in Intel Corporation during the first quarter worth approximately $202,000. Russell Investments Group Ltd. lifted its stake in Intel Corporation by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 9,075,156 shares of the chip maker’s stock worth $327,403,000 after purchasing an additional 68,534 shares during the last quarter. Asset Advisors Corp lifted its stake in Intel Corporation by 4.4% during the first quarter. Asset Advisors Corp now owns 11,800 shares of the chip maker’s stock worth $426,000 after purchasing an additional 500 shares during the last quarter. First Midwest Bank Trust Division lifted its stake in Intel Corporation by 2.0% during the first quarter. First Midwest Bank Trust Division now owns 171,819 shares of the chip maker’s stock worth $6,198,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Leavell Investment Management Inc. lifted its stake in Intel Corporation by 5.1% during the first quarter. Leavell Investment Management Inc. now owns 98,939 shares of the chip maker’s stock worth $3,569,000 after purchasing an additional 4,825 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
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Several research firms recently weighed in on INTC. B. Riley restated a “buy” rating and set a $46.00 target price on shares of Intel Corporation in a research note on Friday, July 28th. BidaskClub upgraded Intel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Vetr cut Intel Corporation from a “strong-buy” rating to a “buy” rating and set a $40.26 target price for the company. in a research note on Tuesday, August 8th. Sanford C. Bernstein set a $30.00 target price on Intel Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Finally, Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Intel Corporation in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Intel Corporation presently has an average rating of “Buy” and an average price target of $43.00.
In related news, CEO Brian M. Krzanich sold 61,860 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $38.74, for a total value of $2,396,456.40. Following the completion of the transaction, the chief executive officer now owns 543,948 shares of the company’s stock, valued at $21,072,545.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares of the company’s stock, valued at approximately $71,777.28. The disclosure for this sale can be found here. Insiders sold 659,036 shares of company stock valued at $28,872,880 in the last three months. 0.08% of the stock is currently owned by company insiders.
Shares of Intel Corporation (NASDAQ INTC) opened at $45.58 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $47.30. The stock has a market capitalization of $213,314.41, a PE ratio of 14.33, a PEG ratio of 1.67 and a beta of 1.09.
Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. Intel Corporation had a return on equity of 22.65% and a net margin of 22.31%. The business had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts expect that Intel Corporation will post 3.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 7th will be paid a $0.2725 dividend. The ex-dividend date is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.39%. Intel Corporation’s dividend payout ratio (DPR) is currently 38.11%.
Intel Corporation Profile
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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