CHICAGO TRUST Co NA grew its holdings in Intel Co. (NASDAQ:INTC) by 5.8% during the 1st quarter, Holdings Channel reports. The fund owned 67,490 shares of the chip maker’s stock after buying an additional 3,723 shares during the period. Intel comprises 1.5% of CHICAGO TRUST Co NA’s portfolio, making the stock its 11th biggest holding. CHICAGO TRUST Co NA’s holdings in Intel were worth $4,319,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in Intel in the fourth quarter worth approximately $2,141,057,000. Bank of New York Mellon Corp raised its position in shares of Intel by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 42,844,665 shares of the chip maker’s stock valued at $2,134,524,000 after purchasing an additional 1,177,026 shares during the period. Primecap Management Co. CA raised its position in shares of Intel by 28.1% during the 4th quarter. Primecap Management Co. CA now owns 32,574,166 shares of the chip maker’s stock valued at $1,622,845,000 after purchasing an additional 7,151,405 shares during the period. Fisher Asset Management LLC raised its position in shares of Intel by 3.2% during the 4th quarter. Fisher Asset Management LLC now owns 29,200,534 shares of the chip maker’s stock valued at $1,454,771,000 after purchasing an additional 897,790 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Intel by 24.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 23,927,959 shares of the chip maker’s stock valued at $1,192,091,000 after purchasing an additional 4,649,880 shares during the period. Institutional investors and hedge funds own 63.25% of the company’s stock.
In related news, CEO Robert Holmes Swan acquired 27,244 shares of the firm’s stock in a transaction that occurred on Monday, January 25th. The stock was bought at an average price of $55.57 per share, for a total transaction of $1,513,949.08. Following the acquisition, the chief executive officer now directly owns 330,774 shares of the company’s stock, valued at approximately $18,381,111.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO George S. Davis acquired 9,095 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The shares were bought at an average price of $55.34 per share, with a total value of $503,317.30. Following the acquisition, the chief financial officer now directly owns 71,223 shares in the company, valued at $3,941,480.82. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.
Several analysts have recently commented on INTC shares. KeyCorp raised their price objective on shares of Intel from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, January 22nd. Morgan Stanley raised their price objective on shares of Intel from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 22nd. Wedbush raised their target price on shares of Intel from $48.00 to $53.00 and gave the company an “underperform” rating in a research note on Friday, January 22nd. Roth Capital raised their target price on shares of Intel from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, March 30th. Finally, Royal Bank of Canada raised their target price on shares of Intel from $40.00 to $47.00 and gave the company a “sell” rating in a research note on Friday, January 22nd. Eleven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have given a buy rating to the company. Intel currently has an average rating of “Hold” and a consensus price target of $63.64.
Shares of INTC stock traded down $2.61 during trading hours on Monday, reaching $65.65. 1,673,680 shares of the stock were exchanged, compared to its average volume of 35,306,102. Intel Co. has a 12-month low of $43.61 and a 12-month high of $68.40. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $63.06 and its 200-day moving average price is $54.23. The firm has a market capitalization of $267.35 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.63 and a beta of 0.74.
Intel (NASDAQ:INTC) last released its quarterly earnings results on Wednesday, January 20th. The chip maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.42. Intel had a net margin of 28.10% and a return on equity of 29.44%. The firm had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $17.47 billion. During the same period in the previous year, the company earned $1.52 EPS. On average, sell-side analysts expect that Intel Co. will post 4.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 7th will be issued a dividend of $0.3475 per share. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $1.39 dividend on an annualized basis and a yield of 2.12%. Intel’s payout ratio is 28.54%.
Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.
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