Centre Asset Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 92,970 shares of the chip maker’s stock, valued at approximately $4,363,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Intel by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the period. Vanguard Group Inc boosted its holdings in Intel by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 358,346,977 shares of the chip maker’s stock valued at $16,946,229,000 after purchasing an additional 2,892,357 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Intel by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock valued at $2,558,294,000 after purchasing an additional 559,856 shares during the period. LSV Asset Management boosted its holdings in Intel by 0.7% in the 3rd quarter. LSV Asset Management now owns 25,251,096 shares of the chip maker’s stock valued at $1,194,124,000 after purchasing an additional 186,641 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Intel by 3.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,155,799 shares of the chip maker’s stock valued at $1,142,328,000 after purchasing an additional 720,022 shares during the period. Institutional investors and hedge funds own 64.67% of the company’s stock.

INTC stock opened at $53.16 on Thursday. The company has a market cap of $246.92 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.39 and a beta of 0.79. Intel Co. has a 1 year low of $42.36 and a 1 year high of $57.60. The company has a quick ratio of 1.30, a current ratio of 1.73 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 24th. The chip maker reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.06. The business had revenue of $18.66 billion during the quarter, compared to analysts’ expectations of $19.02 billion. Intel had a net margin of 29.72% and a return on equity of 30.08%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. As a group, research analysts expect that Intel Co. will post 4.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, May 6th. Intel’s dividend payout ratio is 27.51%.

In related news, VP Kevin Thomas Mcbride sold 518 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $51.33, for a total transaction of $26,588.94. Following the completion of the transaction, the vice president now directly owns 8,274 shares in the company, valued at approximately $424,704.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Navin Shenoy sold 8,551 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $54.33, for a total transaction of $464,575.83. Following the completion of the transaction, the executive vice president now owns 67,388 shares of the company’s stock, valued at $3,661,190.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,261 shares of company stock valued at $2,116,147. 0.03% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. ValuEngine raised shares of Intel from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Evercore ISI cut their price objective on shares of Intel from $54.00 to $50.00 and set a “positive” rating for the company in a report on Monday, January 14th. Finally, BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $54.51.

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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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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