Tower Bridge Advisors raised its stake in shares of Intel (NASDAQ:INTC) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 101,204 shares of the chip maker’s stock after buying an additional 3,696 shares during the period. Tower Bridge Advisors’ holdings in Intel were worth $4,672,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares in the last quarter. Capital World Investors grew its stake in shares of Intel by 5.5% during the second 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 in the last quarter. Capital Research Global Investors grew its stake in shares of Intel by 9.1% during the second 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Intel by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after purchasing an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Intel by 2.0% during the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after purchasing an additional 502,225 shares in the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.
In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $68,474.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian M. Krzanich sold 8,659 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $49.40, for a total transaction of $427,754.60. Following the completion of the sale, the chief executive officer now directly owns 263,382 shares in the company, valued at approximately $13,011,070.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,914 shares of company stock valued at $6,011,490. Corporate insiders own 0.03% of the company’s stock.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. Intel’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. research analysts expect that Intel will post 3.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s payout ratio is currently 34.68%.
Several research firms have issued reports on INTC. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $48.80 target price for the company. in a report on Tuesday, January 2nd. BidaskClub cut shares of Intel from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. DZ Bank reissued a “hold” rating and set a $53.00 price target on shares of Intel in a report on Wednesday, March 28th. Goldman Sachs reaffirmed a “neutral” rating and issued a $48.00 target price on shares of Intel in a report on Friday, January 26th. Finally, Bank of America reaffirmed a “buy” rating and issued a $65.00 target price on shares of Intel in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $51.10.
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Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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