Lake Street Advisors Group LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 9.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,894 shares of the chip maker’s stock after purchasing an additional 1,874 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Intel were worth $1,167,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Capital International Investors grew its stake in shares of Intel by 5.2% in the 2nd quarter. Capital International Investors now owns 105,043,103 shares of the chip maker’s stock worth $5,897,593,000 after acquiring an additional 5,214,436 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Intel by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,158,241 shares of the chip maker’s stock worth $2,086,486,000 after acquiring an additional 233,487 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Intel by 3.1% in the 3rd quarter. Primecap Management Co. CA now owns 35,995,545 shares of the chip maker’s stock worth $1,917,843,000 after acquiring an additional 1,076,990 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Intel by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 32,484,502 shares of the chip maker’s stock worth $1,730,774,000 after acquiring an additional 1,067,667 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Intel by 5.3% in the 2nd quarter. Morgan Stanley now owns 27,235,326 shares of the chip maker’s stock worth $1,528,991,000 after acquiring an additional 1,378,548 shares in the last quarter. Institutional investors and hedge funds own 61.94% of the company’s stock.
In related news, EVP Steven Ralph Rodgers sold 3,863 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $48.81, for a total value of $188,553.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 1,417 shares of the firm’s stock in a transaction on Friday, December 3rd. The stock was sold at an average price of $49.69, for a total value of $70,410.73. The disclosure for this sale can be found here. 0.02% of the stock is currently owned by company insiders.
INTC has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of Intel from $60.00 to $52.00 and set a “hold” rating for the company in a research note on Friday, October 22nd. Citigroup cut their price target on shares of Intel from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, January 27th. Sanford C. Bernstein set a $40.00 price objective on shares of Intel in a report on Thursday, January 27th. Needham & Company LLC dropped their price objective on shares of Intel from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 22nd. Finally, Evercore ISI dropped their price objective on shares of Intel from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, October 22nd. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $56.31.
Shares of NASDAQ INTC opened at $49.91 on Thursday. Intel Co. has a one year low of $46.30 and a one year high of $68.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.10 and a quick ratio of 1.71. The firm’s 50 day simple moving average is $51.48 and its two-hundred day simple moving average is $52.16. The stock has a market capitalization of $203.23 billion, a P/E ratio of 10.27, a PEG ratio of 1.82 and a beta of 0.54.
Intel (NASDAQ:INTC) last issued its earnings results on Tuesday, January 25th. The chip maker reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.19. Intel had a net margin of 25.14% and a return on equity of 25.52%. The firm had revenue of $19.53 billion for the quarter, compared to analysts’ expectations of $18.36 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post 3.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Monday, February 7th will be issued a $0.365 dividend. This is a boost from Intel’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, February 4th. This represents a $1.46 annualized dividend and a dividend yield of 2.93%. Intel’s dividend payout ratio (DPR) is currently 30.04%.
Intel Company Profile
Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.
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