Xact Kapitalforvaltning AB reduced its holdings in Intel Co. (NASDAQ:INTC) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 856,435 shares of the chip maker’s stock after selling 93,190 shares during the quarter. Intel accounts for about 1.0% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 15th largest position. Xact Kapitalforvaltning AB’s holdings in Intel were worth $40,192,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in INTC. Tributary Capital Management LLC purchased a new position in shares of Intel in the 4th quarter worth about $28,000. Tortoise Investment Management LLC boosted its holdings in shares of Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after purchasing an additional 580 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Intel in the 4th quarter worth about $84,000. Lenox Wealth Management Inc. boosted its holdings in shares of Intel by 14.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock worth $105,000 after purchasing an additional 289 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
In other Intel news, Chairman Andy D. Bryant sold 11,734 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $53.03, for a total value of $622,254.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.19, for a total value of $1,982,645.91. Following the completion of the sale, the insider now owns 76,855 shares of the company’s stock, valued at approximately $4,011,062.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,320 shares of company stock valued at $5,343,843. Company insiders own 0.02% of the company’s stock.
NASDAQ INTC opened at $45.62 on Thursday. Intel Co. has a fifty-two week low of $42.36 and a fifty-two week high of $59.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.13. The company has a market capitalization of $209.40 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.
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, topping the consensus estimate of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The business had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter last year, the business posted $0.87 EPS. The business’s revenue was up .0% on a year-over-year basis. As a group, research analysts expect that Intel Co. will post 4.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued 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 currently 27.51%.
INTC has been the subject of a number of research reports. Morgan Stanley cut their price objective on Intel from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $64.00 price objective on shares of Intel in a report on Friday, January 25th. Argus cut Intel from a “buy” rating to a “hold” rating and set a $52.43 price objective for the company. in a report on Monday, April 29th. Macquarie set a $60.00 price objective on Intel and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein reiterated a “sell” rating and issued a $42.00 price objective on shares of Intel in a report on Wednesday, April 3rd. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.23.
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Intel Company Profile
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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