Foresters Investment Management Company Inc. boosted its position in shares of Intel Co. (NASDAQ:INTC) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,277,755 shares of the chip maker’s stock after purchasing an additional 77,800 shares during the period. Intel comprises 1.1% of Foresters Investment Management Company Inc.’s holdings, making the stock its 9th largest position. Foresters Investment Management Company Inc.’s holdings in Intel were worth $59,965,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $28,000. Next Capital Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $46,000. Virtus ETF Advisers LLC bought a new position in shares of Intel in the 4th quarter valued at about $48,000. Stevens First Principles Investment Advisors bought a new position in shares of Intel in the 4th quarter valued at about $53,000. Finally, Tortoise Investment Management LLC lifted its stake in Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company’s stock.
In other news, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total transaction of $63,703.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $55.00, for a total transaction of $1,384,350.00. Following the transaction, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Insiders have sold 73,575 shares of company stock worth $3,926,436 over the last ninety days. Insiders own 0.02% of the company’s stock.
Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, March 27th. Goldman Sachs Group reiterated a “sell” rating and issued a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. New Street Research set a $65.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Co downgraded shares of Intel from an “outperform” rating to a “market perform” rating and raised their target price for the company from $55.00 to $60.00 in a research note on Friday, April 5th. 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $54.17.
Shares of INTC stock opened at $46.32 on Thursday. 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 cap of $206.08 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.44 and a beta of 0.84. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. The firm had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. Intel had a net margin of 29.04% and a return on equity of 29.54%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post 4.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.315 per share. The ex-dividend date was Monday, May 6th. This represents a $1.26 annualized dividend and a dividend yield of 2.72%. Intel’s dividend payout ratio is presently 27.51%.
TRADEMARK VIOLATION NOTICE: “Intel Co. (NASDAQ:INTC) Holdings Boosted by Foresters Investment Management Company Inc.” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2019/06/13/intel-co-nasdaqintc-holdings-boosted-by-foresters-investment-management-company-inc.html.
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.
Featured Article: What is the S&P 500 Index?
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.