Schroder Investment Management Group Trims Stake in Intel Co. (INTC)

Schroder Investment Management Group decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,412,074 shares of the chip maker’s stock after selling 566,317 shares during the quarter. Intel comprises approximately 1.2% of Schroder Investment Management Group’s investment portfolio, making the stock its 5th largest holding. Schroder Investment Management Group owned about 0.39% of Intel worth $696,529,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INTC. Janus Henderson Group PLC grew its position in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors grew its position in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors grew its position in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. grew its position in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Intel by 40.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock valued at $469,232,000 after purchasing an additional 4,029,462 shares during the period. 67.48% of the stock is owned by institutional investors.

Shares of Intel Co. (NASDAQ INTC) opened at $45.38 on Thursday. Intel Co. has a 52 week low of $33.23 and a 52 week high of $50.85. The stock has a market capitalization of $212,380.00, a PE ratio of 22.92, a P/E/G ratio of 1.52 and a beta of 1.07. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. equities analysts anticipate that Intel Co. will post 3.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s payout ratio is presently 60.61%.

Several equities analysts have weighed in on INTC shares. Roth Capital raised their price objective on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and set a $50.00 price objective on shares of Intel in a research note on Friday, October 27th. Loop Capital restated a “buy” rating and set a $49.00 price objective (up from $45.00) on shares of Intel in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $45.00 price objective on shares of Intel in a research note on Friday, October 27th. Finally, B. Riley restated a “buy” rating and set a $53.00 price objective on shares of Intel in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $49.33.

In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of Intel stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $49.07, for a total transaction of $880,610.22. Following the completion of the transaction, the insider now owns 1,536 shares of the company’s stock, valued at approximately $75,371.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian M. Krzanich sold 8,659 shares of Intel stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $49.40, for a total value of $427,754.60. Following the transaction, the chief executive officer now directly owns 263,382 shares of the company’s stock, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. Insiders have sold a total of 932,755 shares of company stock valued at $41,387,752 in the last ninety days. Insiders own 0.08% of the company’s stock.

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Intel Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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