Intel Co. (INTC) Stake Decreased by PVG Asset Management Corp
PVG Asset Management Corp cut its stake in shares of Intel Co. (NASDAQ:INTC) by 11.2% during the third quarter, HoldingsChannel.com reports. The firm owned 140,295 shares of the chip maker’s stock after selling 17,663 shares during the period. Intel accounts for about 2.3% of PVG Asset Management Corp’s portfolio, making the stock its 11th largest position. PVG Asset Management Corp’s holdings in Intel were worth $5,342,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in Intel by 4,951.1% in the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors grew its stake in Intel by 9.1% in the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors grew its stake in Intel by 5.5% in the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors acquired a new stake in Intel in the 3rd quarter valued at about $339,563,000. Finally, Vanguard Group Inc. grew its stake in Intel by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the last quarter. 67.74% of the stock is currently owned by institutional investors and hedge funds.
INTC has been the topic of a number of research reports. Barclays reissued a “buy” rating and issued a $55.00 price objective on shares of Intel in a research note on Monday, November 13th. Canaccord Genuity increased their price objective on shares of Intel from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Instinet raised their price target on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Maxim Group raised their price target on shares of Intel to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group set a $43.00 price target on shares of Intel and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.63.
Intel Co. (NASDAQ INTC) opened at $48.98 on Friday. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.69 and a quick ratio of 1.29. The company has a market cap of $223,317.13, a P/E ratio of 24.74, a P/E/G ratio of 1.62 and a beta of 1.01.
Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.34 billion. During the same quarter last year, the firm posted $0.79 earnings per share. Intel’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts expect that Intel Co. will post 3.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.30 dividend. This is a positive change from Intel’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, February 6th. This represents a $1.20 annualized dividend and a yield of 2.45%. Intel’s dividend payout ratio (DPR) is presently 60.61%.
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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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