Buckingham Capital Management Inc. reduced its holdings in Intel Co. (NASDAQ:INTC) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,327 shares of the chip maker’s stock after selling 1,958 shares during the period. Intel comprises 1.2% of Buckingham Capital Management Inc.’s holdings, making the stock its 21st biggest position. Buckingham Capital Management Inc.’s holdings in Intel were worth $6,305,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Keeler Thomas Management LLC boosted its holdings in Intel by 130.7% during the third quarter. Keeler Thomas Management LLC now owns 13,644 shares of the chip maker’s stock worth $654,000 after buying an additional 7,730 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in Intel during the third quarter worth $223,000. Destination Wealth Management boosted its holdings in Intel by 58.0% during the third quarter. Destination Wealth Management now owns 18,894 shares of the chip maker’s stock worth $894,000 after buying an additional 6,935 shares in the last quarter. Cedar Capital LLC boosted its holdings in Intel by 40.0% during the third quarter. Cedar Capital LLC now owns 22,737 shares of the chip maker’s stock worth $1,075,000 after buying an additional 6,500 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Intel by 3.1% during the second quarter. Swiss National Bank now owns 15,473,602 shares of the chip maker’s stock worth $769,193,000 after buying an additional 458,600 shares in the last quarter. 63.78% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Navin Shenoy sold 8,552 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $47.93, for a total transaction of $409,897.36. Following the completion of the sale, the executive vice president now directly owns 66,871 shares in the company, valued at $3,205,127.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total transaction of $622,254.02. The disclosure for this sale can be found here. Insiders sold 40,262 shares of company stock valued at $2,061,469 over the last quarter. Company insiders own 0.03% of the company’s stock.
A number of brokerages recently issued reports on INTC. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Macquarie set a $58.00 price objective on shares of Intel and gave the stock a “buy” rating in a research report on Monday, November 19th. Evercore ISI reduced their price objective on shares of Intel from $54.00 to $50.00 and set a “positive” rating for the company in a research report on Monday, January 14th. Finally, BidaskClub upgraded shares of Intel from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company’s stock. Intel currently has an average rating of “Hold” and an average price target of $54.33.
Shares of NASDAQ INTC opened at $54.33 on Friday. The stock has a market capitalization of $254.17 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34. Intel Co. has a 52 week low of $42.36 and a 52 week high of $57.60.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 24th. The chip maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share. As a group, equities research analysts predict that Intel Co. will post 4.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 27.51%.
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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