Kiwi Wealth Investments Limited Partnership bought a new stake in Intel Co. (NASDAQ:INTC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,196 shares of the chip maker’s stock, valued at approximately $1,352,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthsource Partners LLC lifted its stake in shares of Intel by 20.6% in the second quarter. Wealthsource Partners LLC now owns 10,601 shares of the chip maker’s stock worth $527,000 after buying an additional 1,813 shares during the last quarter. Lcnb Corp lifted its stake in shares of Intel by 7.8% in the second quarter. Lcnb Corp now owns 44,369 shares of the chip maker’s stock worth $2,206,000 after buying an additional 3,227 shares during the last quarter. Lansdowne Partners UK LLP acquired a new stake in shares of Intel in the second quarter worth $2,440,000. AMP Capital Investors Ltd lifted its stake in shares of Intel by 3.5% in the second quarter. AMP Capital Investors Ltd now owns 2,257,447 shares of the chip maker’s stock worth $112,218,000 after buying an additional 77,005 shares during the last quarter. Finally, Twin Capital Management Inc. lifted its stake in shares of Intel by 0.4% in the second quarter. Twin Capital Management Inc. now owns 399,430 shares of the chip maker’s stock worth $19,856,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 64.42% of the company’s stock.
A number of analysts have recently weighed in on INTC shares. Morningstar set a $65.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Monday, October 1st. Morgan Stanley cut shares of Intel from an “equal” rating to a “weight” rating in a research note on Monday, October 1st. BidaskClub cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Nomura restated a “neutral” rating and issued a $50.00 price objective on shares of Intel in a research note on Friday, August 10th. Finally, Macquarie set a $60.00 price objective on shares of Intel and gave the stock a “buy” rating in a research note on Sunday, September 30th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $55.60.
Shares of INTC stock opened at $46.24 on Friday. Intel Co. has a 1 year low of $42.04 and a 1 year high of $57.60. The firm has a market cap of $226.29 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.51.
Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.25. Intel had a net margin of 21.91% and a return on equity of 29.64%. The business had revenue of $19.16 billion for the quarter, compared to analyst estimates of $18.11 billion. Analysts predict that Intel Co. will post 4.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 34.68%.
Intel announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 15th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the chip maker to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Intel news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $45.66, for a total value of $102,050.10. Following the sale, the executive vice president now owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin Thomas Mcbride sold 6,500 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $45.53, for a total transaction of $295,945.00. Following the completion of the sale, the vice president now directly owns 14,271 shares in the company, valued at approximately $649,758.63. The disclosure for this sale can be found here. Insiders sold a total of 13,257 shares of company stock worth $624,095 in the last three months. Insiders own 0.03% of the company’s stock.
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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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