Candriam Luxembourg S.C.A. Acquires 521,534 Shares of Intel Co. (NASDAQ:INTC)

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Candriam Luxembourg S.C.A. boosted its holdings in Intel Co. (NASDAQ:INTC) by 114.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 976,135 shares of the chip maker’s stock after purchasing an additional 521,534 shares during the quarter. Intel comprises 0.6% of Candriam Luxembourg S.C.A.’s portfolio, making the stock its 27th largest position. Candriam Luxembourg S.C.A.’s holdings in Intel were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Access Financial Services Inc. raised its position in shares of Intel by 1.1% in the 4th quarter. Access Financial Services Inc. now owns 23,472 shares of the chip maker’s stock worth $1,405,000 after purchasing an additional 250 shares during the last quarter. Vision Capital Management Inc. boosted its stake in Intel by 8.7% in the 4th quarter. Vision Capital Management Inc. now owns 6,267 shares of the chip maker’s stock worth $375,000 after purchasing an additional 500 shares in the last quarter. Aurora Investment Managers LLC. bought a new position in Intel in the 4th quarter worth about $435,000. Kiley Juergens Wealth Management LLC grew its position in Intel by 16.9% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 38,362 shares of the chip maker’s stock valued at $2,295,000 after purchasing an additional 5,543 shares during the last quarter. Finally, Paulson Wealth Management Inc. grew its position in Intel by 4.9% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,214 shares of the chip maker’s stock valued at $430,000 after purchasing an additional 334 shares during the last quarter. Institutional investors and hedge funds own 65.48% of the company’s stock.

Shares of INTC opened at $60.55 on Wednesday. The firm has a fifty day simple moving average of $58.72 and a two-hundred day simple moving average of $53.40. The firm has a market cap of $259.26 billion, a PE ratio of 14.21, a P/E/G ratio of 1.69 and a beta of 0.91. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. Intel Co. has a 1-year low of $42.86 and a 1-year high of $61.25.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $18.07 billion. During the same period last year, the business posted $1.40 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts forecast that Intel Co. will post 4.61 EPS for the current fiscal year.

Intel declared that its Board of Directors has authorized a stock buyback program on Thursday, October 24th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the chip maker to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

INTC has been the subject of several recent analyst reports. Loop Capital set a $50.00 target price on shares of Intel and gave the stock a “hold” rating in a report on Friday, October 18th. BMO Capital Markets upped their target price on shares of Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. SunTrust Banks increased their price target on shares of Intel from $58.00 to $60.00 and gave the company a “hold” rating in a report on Friday, October 25th. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Susquehanna Bancshares raised their price target on shares of Intel from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.72.

In other news, Director James J. Goetz bought 86,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $58.24 per share, with a total value of $5,037,760.00. Following the completion of the transaction, the director now owns 137,720 shares of the company’s stock, valued at approximately $8,020,812.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank D. Yeary sold 12,545 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $60.35, for a total value of $757,090.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,284 shares of company stock valued at $4,517,194. 0.02% of the stock is owned by company insiders.

About Intel

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.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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