Sawyer & Company Inc bought a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 107,529 shares of the chip maker’s stock, valued at approximately $4,964,000. Intel makes up about 3.3% of Sawyer & Company Inc’s investment portfolio, making the stock its 4th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Beach Investment Management LLC. bought a new stake in shares of Intel during the 2nd quarter valued at about $371,000. Highstreet Asset Management Inc. boosted its stake in Intel by 11.7% during the second quarter. Highstreet Asset Management Inc. now owns 47,648 shares of the chip maker’s stock worth $1,608,000 after acquiring an additional 4,975 shares in the last quarter. Ballentine Partners LLC boosted its stake in Intel by 121.2% during the second quarter. Ballentine Partners LLC now owns 63,281 shares of the chip maker’s stock worth $2,196,000 after acquiring an additional 34,677 shares in the last quarter. Taurus Asset Management LLC boosted its stake in Intel by 10.7% during the second quarter. Taurus Asset Management LLC now owns 42,940 shares of the chip maker’s stock worth $1,449,000 after acquiring an additional 4,150 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its stake in Intel by 9.3% during the second quarter. Deprince Race & Zollo Inc. now owns 1,290,930 shares of the chip maker’s stock worth $43,556,000 after acquiring an additional 109,555 shares in the last quarter. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at $11,808,957.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the sale, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at $13,011,070.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is owned by corporate insiders.
Intel Co. (INTC) opened at $51.78 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. Intel Co. has a twelve month low of $33.23 and a twelve month high of $53.78. The firm has a market cap of $241,710.00, a P/E ratio of 16.54, a PEG ratio of 1.77 and a beta of 1.01.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. analysts anticipate that Intel Co. will post 3.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.30 per share. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Tuesday, February 6th. Intel’s dividend payout ratio is currently 38.34%.
WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/14/sawyer-company-inc-buys-new-position-in-intel-co-intc.html.
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).
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.