Cetera Investment Advisers decreased its holdings in Intel Co. (NASDAQ:INTC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,747 shares of the chip maker’s stock after selling 787 shares during the period. Cetera Investment Advisers’ holdings in Intel were worth $2,244,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Intel by 0.6% during the second quarter. Vanguard Group Inc. now owns 363,624,758 shares of the chip maker’s stock worth $17,406,717,000 after purchasing an additional 2,219,241 shares during the period. BlackRock Inc. increased its stake in Intel by 0.3% during the 2nd quarter. BlackRock Inc. now owns 293,073,773 shares of the chip maker’s stock worth $14,029,440,000 after acquiring an additional 961,771 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Intel by 6.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 30,298,451 shares of the chip maker’s stock worth $1,450,387,000 after acquiring an additional 1,952,840 shares during the period. Morgan Stanley increased its stake in Intel by 8.2% during the 2nd quarter. Morgan Stanley now owns 27,543,012 shares of the chip maker’s stock worth $1,318,484,000 after acquiring an additional 2,081,749 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Intel by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 27,074,144 shares of the chip maker’s stock worth $1,395,131,000 after acquiring an additional 516,977 shares during the period. Hedge funds and other institutional investors own 67.21% of the company’s stock.
In other news, Director Frank D. Yeary sold 2,509 shares of Intel stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $46.86, for a total value of $117,571.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of Intel stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $52.06, for a total value of $445,165.06. Following the completion of the transaction, the executive vice president now directly owns 70,276 shares of the company’s stock, valued at $3,658,568.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,482 shares of company stock valued at $911,044. Corporate insiders own 0.02% of the company’s stock.
Shares of NASDAQ:INTC opened at $57.81 on Friday. The firm has a market cap of $253.17 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.68 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. Intel Co. has a 12-month low of $42.86 and a 12-month high of $59.59. The business has a fifty day simple moving average of $53.62 and a 200 day simple moving average of $49.42.
Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.18. Intel had a return on equity of 28.28% and a net margin of 27.46%. The firm had revenue of $19.19 billion during the quarter, compared to analyst estimates of $18.07 billion. During the same period last year, the company posted $1.40 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post 4.61 EPS for the current year.
Intel declared that its board has authorized a stock buyback program on Thursday, October 24th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the chip maker to purchase up to 8.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently disclosed a — dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be given a $0.315 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is presently 27.51%.
A number of research firms have commented on INTC. BMO Capital Markets raised their price objective on Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Atlantic Securities began coverage on Intel in a research note on Monday, July 22nd. They set an “underweight” rating and a $38.00 price objective on the stock. Susquehanna Bancshares raised their price objective on Intel from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. UBS Group set a $60.00 price objective on Intel and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Roth Capital set a $60.00 price objective on Intel and gave the stock a “buy” rating in a research note on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.81.
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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