Violich Capital Management Inc. Grows Stake in Intel Co. (INTC)

Share on StockTwits

Violich Capital Management Inc. grew its position in Intel Co. (NASDAQ:INTC) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,661 shares of the chip maker’s stock after acquiring an additional 1,325 shares during the quarter. Violich Capital Management Inc.’s holdings in Intel were worth $1,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Dimensional Fund Advisors LP lifted its position in Intel by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 50,906,186 shares of the chip maker’s stock worth $2,651,194,000 after buying an additional 295,380 shares in the last quarter. LSV Asset Management lifted its position in Intel by 2.0% during the first quarter. LSV Asset Management now owns 24,760,162 shares of the chip maker’s stock worth $1,289,509,000 after buying an additional 482,570 shares in the last quarter. Fisher Asset Management LLC lifted its position in Intel by 3.3% during the second quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock worth $1,164,993,000 after buying an additional 745,116 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Intel by 9.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,714,536 shares of the chip maker’s stock worth $781,170,000 after acquiring an additional 1,308,534 shares during the last quarter. Finally, Sanders Capital LLC increased its stake in Intel by 2.6% during the second quarter. Sanders Capital LLC now owns 12,675,542 shares of the chip maker’s stock worth $688,862,000 after acquiring an additional 321,400 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

In related news, EVP Steven Ralph Rodgers sold 2,235 shares of the business’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $45.66, for a total transaction of $102,050.10. Following the completion of the transaction, the executive vice president now directly owns 30,324 shares of the company’s stock, valued at approximately $1,384,593.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Several equities research analysts have issued reports on INTC shares. Morningstar set a $65.00 target price on Intel and gave the stock a “buy” rating in a research note on Monday, October 1st. BidaskClub cut Intel from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Morgan Stanley cut Intel from an “equal” rating to a “weight” rating in a research note on Monday, October 1st. Nomura reissued a “neutral” rating and set a $50.00 target price on shares of Intel in a research note on Friday, August 10th. Finally, Macquarie set a $60.00 target price on Intel and gave the stock a “buy” rating in a research note on Sunday, September 30th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.33.

INTC opened at $46.88 on Thursday. Intel Co. has a 12 month low of $42.04 and a 12 month high of $57.60. The firm has a market cap of $223.44 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.25 and a beta of 0.97. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 25th. The chip maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The firm had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. As a group, research analysts forecast that Intel Co. will post 4.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Wednesday, November 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.20 annualized dividend and a yield of 2.56%. Intel’s payout ratio is 34.68%.

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.

Read More: How accurate is the Rule of 72?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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.

Leave a Reply