Intel Co. (INTC) Shares Bought by Sii Investments Inc. WI
Sii Investments Inc. WI increased its position in Intel Co. (NASDAQ:INTC) by 8.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 126,322 shares of the chip maker’s stock after purchasing an additional 9,527 shares during the period. Sii Investments Inc. WI’s holdings in Intel were worth $4,804,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Investment Centers of America Inc. increased its stake in Intel by 5.4% during the third quarter. Investment Centers of America Inc. now owns 77,436 shares of the chip maker’s stock worth $2,955,000 after acquiring an additional 3,946 shares during the last quarter. Tiedemann Wealth Management LLC increased its stake in Intel by 12.0% during the third quarter. Tiedemann Wealth Management LLC now owns 116,099 shares of the chip maker’s stock worth $3,115,000 after acquiring an additional 12,404 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Intel by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 25,563,803 shares of the chip maker’s stock worth $973,470,000 after acquiring an additional 935,943 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Intel by 0.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,842,714 shares of the chip maker’s stock worth $374,811,000 after acquiring an additional 70,734 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Intel by 34.3% during the third quarter. Commonwealth Bank of Australia now owns 944,049 shares of the chip maker’s stock worth $35,941,000 after acquiring an additional 240,918 shares during the last quarter. Institutional investors own 67.48% of the company’s stock.
In other news, CEO Brian M. Krzanich sold 889,878 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 716 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $49.25, for a total value of $35,263.00. Following the sale, the executive vice president now owns 21,135 shares of the company’s stock, valued at approximately $1,040,898.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 932,755 shares of company stock valued at $41,387,752. Company insiders own 0.08% of the company’s stock.
Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.22. Intel had a return on equity of 24.33% and a net margin of 15.30%. The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.34 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. Intel’s revenue was up 4.1% on a year-over-year basis. equities analysts forecast that Intel Co. will post 3.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 6th. This is a positive change from Intel’s previous quarterly dividend of $0.27. Intel’s dividend payout ratio is currently 38.34%.
Several equities research analysts have weighed in on INTC shares. Barclays reissued a “buy” rating and set a $55.00 price objective on shares of Intel in a research note on Monday, November 13th. Goldman Sachs Group set a $43.00 target price on Intel and gave the company a “neutral” rating in a research note on Tuesday, December 12th. BidaskClub cut Intel from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 27th. Instinet upped their target price on Intel to $50.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Sanford C. Bernstein set a $34.00 target price on Intel and gave the company a “sell” rating in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $49.33.
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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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