Harvey Investment Co. LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,978 shares of the chip maker’s stock after acquiring an additional 2,500 shares during the period. Harvey Investment Co. LLC’s holdings in Intel were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Prudential Financial Inc. increased its position in Intel by 29.2% during the 3rd quarter. Prudential Financial Inc. now owns 13,125,175 shares of the chip maker’s stock worth $620,690,000 after buying an additional 2,968,410 shares during the period. Vanguard Group Inc increased its position in Intel by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after buying an additional 2,892,357 shares during the period. Vanguard Group Inc. increased its position in Intel by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock worth $16,946,229,000 after buying an additional 2,892,357 shares during the period. American Century Companies Inc. increased its position in Intel by 23.1% during the 3rd quarter. American Century Companies Inc. now owns 9,788,445 shares of the chip maker’s stock worth $462,896,000 after buying an additional 1,836,266 shares during the period. Finally, Cantillon Capital Management LLC increased its position in Intel by 69.7% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,158,903 shares of the chip maker’s stock worth $196,674,000 after buying an additional 1,708,761 shares during the period. Institutional investors and hedge funds own 64.80% of the company’s stock.
In other news, insider Venkata S. M. Renduchintala sold 37,989 shares of Intel stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the sale, the insider now directly owns 76,855 shares of the company’s stock, valued at $4,011,062.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 11,734 shares of Intel stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $53.03, for a total value of $622,254.02. The disclosure for this sale can be found here. Insiders sold 100,320 shares of company stock worth $5,343,843 over the last ninety days. 0.02% of the stock is currently owned by insiders.
INTC has been the topic of several recent research reports. Morgan Stanley lowered their price objective on Intel from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $64.00 target price on shares of Intel in a report on Friday, January 25th. Argus lowered Intel from a “buy” rating to a “hold” rating and set a $52.43 target price on the stock. in a report on Monday, April 29th. Macquarie set a $60.00 target price on Intel and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein reissued a “sell” rating and set a $42.00 target price on shares of Intel in a report on Wednesday, April 3rd. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.23.
NASDAQ:INTC opened at $45.62 on Thursday. The stock has a market capitalization of $209.40 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. Intel Co. has a twelve month low of $42.36 and a twelve month high of $59.59.
Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. Intel’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts predict that Intel Co. will post 4.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
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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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