Kiwi Wealth Investments Limited Partnership bought a new stake in Intel Co. (NASDAQ:INTC) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 27,196 shares of the chip maker’s stock, valued at approximately $1,352,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quad Cities Investment Group LLC acquired a new position in Intel during the 2nd quarter valued at about $107,000. WP Advisors LLC acquired a new position in Intel during the 2nd quarter valued at about $137,000. Kohmann Bosshard Financial Services LLC acquired a new position in Intel during the 1st quarter valued at about $191,000. R.M.SINCERBEAUX Capital Management LLC acquired a new position in Intel during the 1st quarter valued at about $208,000. Finally, Carlson Capital Management acquired a new position in Intel during the 2nd quarter valued at about $209,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

In related news, EVP Navin Shenoy sold 4,522 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $50.00, for a total transaction of $226,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Holmes Swan bought 5,117 shares of the stock in a transaction that occurred on Thursday, November 29th. The shares were acquired at an average cost of $48.30 per share, with a total value of $247,151.10. Following the completion of the purchase, the chief executive officer now owns 131,839 shares in the company, valued at approximately $6,367,823.70. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 13,257 shares of company stock valued at $624,095. 0.03% of the stock is owned by company insiders.

NASDAQ INTC opened at $46.24 on Friday. Intel Co. has a 52-week low of $42.04 and a 52-week high of $57.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.51 and a quick ratio of 1.13. The company has a market cap of $226.29 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 25th. The chip maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.25. Intel had a return on equity of 29.64% and a net margin of 21.91%. The business had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.11 billion. As a group, sell-side analysts expect that Intel Co. will post 4.53 earnings per share for the current year.

Intel announced that its board has initiated a share repurchase program on Thursday, November 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the chip maker to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Wednesday, November 7th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.20 dividend on an annualized basis and a yield of 2.60%. Intel’s payout ratio is 34.68%.

A number of research analysts have issued reports on INTC shares. Wells Fargo & Co set a $58.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Monday, August 20th. Macquarie set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Thursday, August 16th. MKM Partners cut their target price on shares of Intel to $58.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. Morningstar set a $65.00 target price on shares of Intel and gave the company a “buy” rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, September 26th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nineteen have assigned a buy rating to the stock. Intel currently has an average rating of “Hold” and an average target price of $55.60.

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About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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