Atria Investments LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,062 shares of the chip maker’s stock after buying an additional 9,246 shares during the period. Atria Investments LLC’s holdings in Intel were worth $4,378,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Intel by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock valued at $2,651,194,000 after purchasing an additional 295,380 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Intel by 2.0% in the first quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock valued at $1,289,509,000 after buying an additional 482,570 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Intel by 14.7% in the fourth quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock valued at $1,116,510,000 after buying an additional 3,095,697 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Intel by 47.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock valued at $1,094,509,000 after buying an additional 7,669,737 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Intel by 3.3% in the second quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock valued at $1,164,993,000 after buying an additional 745,116 shares during the period. 65.50% of the stock is owned by institutional investors and hedge funds.
Shares of INTC opened at $45.57 on Friday. Intel Co. has a 12 month low of $36.16 and a 12 month high of $57.60. The firm has a market cap of $210.20 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97. The company has a quick ratio of 1.15, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 26th. The chip maker reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Intel had a net margin of 20.07% and a return on equity of 27.33%. The business had revenue of $16.96 billion during the quarter, compared to analysts’ expectations of $16.78 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. equities research analysts predict that Intel Co. will post 4.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Tuesday, August 7th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, August 6th. Intel’s dividend payout ratio (DPR) is currently 34.68%.
In other Intel news, EVP Steven Ralph Rodgers sold 2,213 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total transaction of $116,027.59. Following the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Navin Shenoy sold 601 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $47.69, for a total transaction of $28,661.69. Following the sale, the executive vice president now directly owns 40,903 shares in the company, valued at $1,950,664.07. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock worth $205,757 over the last ninety days. Insiders own 0.03% of the company’s stock.
Several research firms have recently weighed in on INTC. Summit Insights cut shares of Intel from a “buy” rating to a “hold” rating in a report on Friday, July 27th. Cowen began coverage on shares of Intel in a report on Thursday, May 17th. They issued a “market perform” rating and a $55.00 price target for the company. Stifel Nicolaus reiterated a “neutral” rating and issued a $52.00 price target on shares of Intel in a report on Thursday, August 9th. Sanford C. Bernstein set a $54.00 price target on shares of Intel and gave the company a “neutral” rating in a report on Wednesday, June 6th. Finally, Barclays cut shares of Intel from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $62.00 to $53.00 in a report on Monday, August 6th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Intel currently has an average rating of “Hold” and an average target price of $55.55.
Intel Company Profile
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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