Sumitomo Mitsui Trust Holdings Inc. cut its stake in Intel Co. (NASDAQ:INTC) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,379,700 shares of the chip maker’s stock after selling 263,910 shares during the quarter. Intel makes up approximately 0.8% of Sumitomo Mitsui Trust Holdings Inc.’s portfolio, making the stock its 25th largest holding. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.31% of Intel worth $547,579,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after buying an additional 29 shares during the last quarter. Paradigm Financial Advisors LLC increased its holdings in Intel by 0.3% in the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock valued at $886,000 after purchasing an additional 67 shares during the last quarter. Bank of Stockton increased its holdings in Intel by 0.4% in the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock valued at $550,000 after purchasing an additional 72 shares during the last quarter. Marathon Capital Management increased its holdings in Intel by 0.7% in the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock valued at $371,000 after purchasing an additional 80 shares during the last quarter. Finally, Sonata Capital Group Inc. increased its holdings in Intel by 0.9% in the 2nd quarter. Sonata Capital Group Inc. now owns 11,846 shares of the chip maker’s stock valued at $400,000 after purchasing an additional 100 shares during the last quarter. 67.74% of the stock is currently owned by hedge funds and other institutional investors.
Intel Co. (NASDAQ:INTC) traded down $0.38 during trading on Wednesday, reaching $45.94. 27,496,146 shares of the company’s stock traded hands, compared to its average volume of 35,700,000. The firm has a market cap of $214,450.00, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69. Intel Co. has a 52-week low of $33.23 and a 52-week high of $50.85.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The company had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 27.64% and a return on equity of 27.01%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. equities research analysts anticipate that Intel Co. will post 3.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a $0.30 dividend. This is an increase from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio (DPR) is 38.34%.
Several research firms have commented on INTC. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Needham & Company LLC lifted their price objective on shares of Intel from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price target for the company. in a research report on Wednesday, January 17th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $55.00 price target on shares of Intel in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.33.
In related news, CEO Brian M. Krzanich sold 8,659 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $49.40, for a total transaction of $427,754.60. Following the completion of the sale, the chief executive officer now directly owns 263,382 shares in the company, valued at $13,011,070.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Navin Shenoy sold 716 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $49.25, for a total transaction of $35,263.00. Following the sale, the executive vice president now owns 21,135 shares of the company’s stock, valued at $1,040,898.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 932,755 shares of company stock worth $41,387,752. 0.08% of the stock is currently owned by insiders.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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