Polar Capital LLP boosted its holdings in Intel Co. (NASDAQ:INTC) by 12.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 915,920 shares of the chip maker’s stock after buying an additional 99,994 shares during the period. Polar Capital LLP’s holdings in Intel were worth $42,984,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tributary Capital Management LLC acquired a new stake in Intel during the 4th quarter valued at approximately $28,000. Next Capital Management LLC acquired a new stake in Intel during the 4th quarter valued at approximately $46,000. Virtus ETF Advisers LLC acquired a new stake in Intel during the 4th quarter valued at approximately $48,000. Stevens First Principles Investment Advisors acquired a new stake in Intel during the 4th quarter valued at approximately $53,000. Finally, Tortoise Investment Management LLC increased its position in Intel by 86.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 66.03% of the company’s stock.
Shares of INTC opened at $46.32 on Thursday. Intel Co. has a 12-month low of $42.36 and a 12-month high of $59.59. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $209.75 billion, a P/E ratio of 10.11, a PEG ratio of 1.47 and a beta of 0.84.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Intel had a return on equity of 29.54% and a net margin of 29.04%. The company had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $16.03 billion. During the same period last year, the business earned $0.87 EPS. Intel’s quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post 4.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Tuesday, May 7th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio is currently 27.51%.
In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the transaction, the insider now directly owns 76,855 shares in the company, valued at approximately $4,011,062.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Navin Shenoy sold 1,254 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $50.80, for a total value of $63,703.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,575 shares of company stock worth $3,926,436. 0.02% of the stock is owned by company insiders.
INTC has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Intel from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $55.00 to $64.00 in a research report on Friday, February 22nd. Goldman Sachs Group reissued a “sell” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. BidaskClub raised shares of Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Deutsche Bank increased their target price on shares of Intel from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, BMO Capital Markets downgraded shares of Intel from an “outperform” rating to a “market perform” rating and set a $47.99 price objective for the company. in a research report on Thursday, May 9th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.17.
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Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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