Kiwi Wealth Investments Limited Partnership Takes $1.35 Million Position in Intel Co. (INTC)

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 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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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