Cornerstone Capital Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 38.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,750 shares of the chip maker’s stock after buying an additional 7,708 shares during the quarter. Cornerstone Capital Inc.’s holdings in Intel were worth $1,057,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after purchasing an additional 20,050,088 shares during the period. Capital Research Global Investors increased its holdings in Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after purchasing an additional 10,744,753 shares during the period. Capital World Investors increased its holdings in Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after purchasing an additional 10,257,260 shares during the period. Vanguard Group Inc. increased its holdings in Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after purchasing an additional 8,087,302 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in Intel by 40.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,907,294 shares of the chip maker’s stock worth $469,232,000 after purchasing an additional 4,029,462 shares during the period. Hedge funds and other institutional investors own 67.74% of the company’s stock.
In other Intel news, insider Venkata S. M. Renduchintala sold 17,946 shares of the stock in a transaction that occurred on 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 sale, the insider now directly 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 hyperlink. Also, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total value of $39,323,708.82. 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 over the last ninety days. 0.08% of the stock is owned by insiders.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. During the same period last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts anticipate that Intel Co. will post 3.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. This is a boost from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is presently 60.61%.
INTC has been the topic of several recent research reports. Canaccord Genuity upped their price target on Intel from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the stock a “buy” rating in a report on Thursday, January 4th. Oppenheimer restated a “hold” rating on shares of Intel in a report on Thursday, January 4th. Stifel Nicolaus upped their price target on Intel from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Robert W. Baird set a $60.00 price target on Intel and gave the stock a “buy” rating in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. Intel presently has an average rating of “Buy” and a consensus price target of $49.33.
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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