Maj Invest Holding A S grew its stake in shares of Intel Co. (NASDAQ:INTC) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398,033 shares of the chip maker’s stock after acquiring an additional 26,859 shares during the period. Intel accounts for approximately 7.0% of Maj Invest Holding A S’s portfolio, making the stock its 5th largest holding. Maj Invest Holding A S owned 0.08% of Intel worth $175,099,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Ogorek Anthony Joseph NY ADV grew its stake in shares of Intel by 500.0% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 600 shares of the chip maker’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of Intel by 273.2% in the second quarter. Global Trust Asset Management LLC now owns 3,336 shares of the chip maker’s stock worth $45,000 after purchasing an additional 2,442 shares during the last quarter. Next Capital Management LLC bought a new stake in shares of Intel in the second quarter worth about $48,000. Intercontinental Wealth Advisors LLC grew its stake in shares of Intel by 83.0% in the third quarter. Intercontinental Wealth Advisors LLC now owns 992 shares of the chip maker’s stock worth $51,000 after purchasing an additional 450 shares during the last quarter. Finally, Lenox Wealth Advisors LLC grew its stake in shares of Intel by 117.4% in the third quarter. Lenox Wealth Advisors LLC now owns 1,000 shares of the chip maker’s stock worth $52,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.
INTC has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Intel from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. ValuEngine cut Intel from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. set a $68.00 price objective on shares of Intel and gave the stock an “overweight” rating in a report on Friday, October 25th. Northland Securities restated a “buy” rating and issued a $69.00 price objective on shares of Intel in a report on Tuesday, November 5th. Finally, Wedbush raised their price objective on shares of Intel from $42.90 to $46.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.81.
In other Intel news, Director Frank D. Yeary sold 2,509 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.34, for a total value of $141,357.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Holmes Swan purchased 10,918 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average price of $45.70 per share, for a total transaction of $498,952.60. Following the purchase, the chief executive officer now owns 168,955 shares in the company, valued at $7,721,243.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 17,482 shares of company stock worth $911,044. 0.02% of the stock is owned by corporate insiders.
Shares of INTC traded down $0.15 during trading hours on Tuesday, reaching $58.20. 11,952,500 shares of the stock traded hands, compared to its average volume of 22,495,316. 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 52-week low of $42.86 and a 52-week high of $59.59. The company’s 50-day moving average price is $53.18 and its two-hundred day moving average price is $49.43. The company has a market cap of $253.47 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.18. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company had revenue of $19.19 billion for the quarter, compared to analysts’ expectations of $18.07 billion. During the same quarter in the previous year, the company earned $1.40 EPS. Intel’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts forecast that Intel Co. will post 4.61 EPS for the current year.
The company also recently announced a — dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a dividend of $0.315 per share. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, November 6th. Intel’s dividend payout ratio (DPR) is 27.51%.
Intel announced that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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