Xact Kapitalforvaltning AB trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 856,435 shares of the chip maker’s stock after selling 93,190 shares during the period. Intel makes up about 1.0% of Xact Kapitalforvaltning AB’s investment portfolio, making the stock its 15th largest holding. Xact Kapitalforvaltning AB’s holdings in Intel were worth $40,192,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of INTC. Tributary Capital Management LLC purchased a new position in shares of Intel in the 4th quarter worth $28,000. Tortoise Investment Management LLC boosted its stake in shares of Intel by 86.7% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock worth $59,000 after buying an additional 580 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Intel in the 4th quarter worth $84,000. Lenox Wealth Management Inc. boosted its stake in shares of Intel by 14.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 2,239 shares of the chip maker’s stock worth $105,000 after buying an additional 289 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Intel by 375.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,533 shares of the chip maker’s stock worth $120,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 64.80% of the company’s stock.
NASDAQ:INTC opened at $45.62 on Thursday. 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 stock has a market cap of $209.40 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75. Intel Co. has a 52 week low of $42.36 and a 52 week high of $59.59.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 25th. The chip maker reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $16.10 million for the quarter, compared to analysts’ expectations of $16.03 billion. Intel had a return on equity of 29.54% and a net margin of 29.04%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. As a group, analysts predict that Intel Co. will post 4.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.315 per share. The ex-dividend date is Monday, May 6th. This represents a $1.26 dividend on an annualized basis and a yield of 2.76%. Intel’s dividend payout ratio is presently 27.51%.
INTC has been the topic of a number of research reports. BidaskClub downgraded Intel from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Zacks Investment Research upgraded Intel from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Monday, January 21st. Credit Suisse Group restated a “buy” rating and issued a $58.00 price target on shares of Intel in a research note on Tuesday, January 22nd. Royal Bank of Canada restated a “neutral” rating and issued a $55.00 price target on shares of Intel in a research note on Wednesday, January 23rd. Finally, Needham & Company LLC downgraded Intel from a “buy” rating to a “hold” rating and dropped their price target for the stock from $58.00 to $50.00 in a research note on Friday, January 25th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $54.23.
In other Intel news, insider Venkata S. M. Renduchintala sold 37,989 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 76,855 shares of the company’s stock, valued at $4,011,062.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Steven Ralph Rodgers sold 25,170 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $55.00, for a total value of $1,384,350.00. Following the sale, the executive vice president now directly owns 48,140 shares in the company, valued at $2,647,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,320 shares of company stock worth $5,343,843. Insiders own 0.02% of the company’s stock.
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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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