Fagan Associates Inc. raised its stake in Intel (NASDAQ:INTC) by 331.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,423 shares of the chip maker’s stock after buying an additional 30,285 shares during the period. Fagan Associates Inc.’s holdings in Intel were worth $1,820,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Intel by 0.8% during the 3rd 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. Legal & General Group Plc increased its stake in shares of Intel by 2.0% during the 3rd 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. Schwab Charles Investment Management Inc. increased its stake in shares of Intel by 1.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,922,946 shares of the chip maker’s stock worth $1,196,451,000 after purchasing an additional 359,143 shares in the last quarter. LSV Asset Management increased its stake in shares of Intel by 1.7% during the 4th quarter. LSV Asset Management now owns 24,277,592 shares of the chip maker’s stock worth $1,120,653,000 after purchasing an additional 410,684 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Intel by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 21,803,004 shares of the chip maker’s stock worth $1,006,427,000 after purchasing an additional 532,817 shares in the last quarter. 68.23% of the stock is owned by institutional investors.
In other Intel news, EVP Navin Shenoy sold 1,010 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $52.80, for a total value of $53,328.00. Following the transaction, the executive vice president now owns 32,920 shares in the company, valued at approximately $1,738,176. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.67, for a total transaction of $3,623,773.52. The disclosure for this sale can be found here. Insiders sold a total of 97,301 shares of company stock worth $4,785,697 in the last quarter. 0.03% of the stock is currently owned by company insiders.
Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. Intel had a net margin of 17.32% and a return on equity of 25.41%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. sell-side analysts forecast that Intel will post 3.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. Intel’s dividend payout ratio is currently 34.68%.
A number of research analysts have recently weighed in on the stock. BNP Paribas reissued a “neutral” rating and set a $54.00 price objective on shares of Intel in a research note on Monday. ValuEngine cut shares of Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Morningstar set a $62.00 target price on shares of Intel and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. B. Riley lifted their target price on shares of Intel from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 27th. Finally, Stifel Nicolaus lifted their target price on shares of Intel from $53.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, April 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Intel currently has a consensus rating of “Buy” and an average price target of $55.28.
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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