Meiji Yasuda Asset Management Co Ltd. Has $6.47 Million Holdings in Intel Corporation (INTC)
Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Intel Corporation (NASDAQ:INTC) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,604 shares of the chip maker’s stock after buying an additional 8,280 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Intel Corporation were worth $6,465,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in INTC. Glenview Capital Management LLC bought a new position in Intel Corporation in the 1st quarter worth $177,881,000. DnB Asset Management AS raised its holdings in Intel Corporation by 72.2% in the 2nd quarter. DnB Asset Management AS now owns 9,355,948 shares of the chip maker’s stock worth $315,670,000 after purchasing an additional 3,922,470 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Intel Corporation by 112.1% in the 1st quarter. Gotham Asset Management LLC now owns 1,741,166 shares of the chip maker’s stock worth $62,804,000 after purchasing an additional 920,285 shares in the last quarter. Hamlin Capital Management LLC raised its holdings in Intel Corporation by 64.3% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,257,617 shares of the chip maker’s stock worth $76,172,000 after purchasing an additional 883,525 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in Intel Corporation by 11.9% in the 1st quarter. Pictet Asset Management Ltd. now owns 8,323,744 shares of the chip maker’s stock worth $300,238,000 after purchasing an additional 882,905 shares in the last quarter. 66.90% of the stock is owned by institutional investors and hedge funds.
Shares of Intel Corporation (INTC) opened at $44.75 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The stock has a market cap of $208,962.00, a PE ratio of 14.04, a PEG ratio of 1.63 and a beta of 1.09. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30.
Intel Corporation (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. sell-side analysts forecast that Intel Corporation will post 3.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, November 6th. Intel Corporation’s payout ratio is 38.11%.
Several research analysts have commented on the stock. Canaccord Genuity upped their price objective on shares of Intel Corporation from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Barclays PLC restated a “buy” rating and issued a $55.00 price objective on shares of Intel Corporation in a report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price objective on shares of Intel Corporation in a report on Wednesday, November 1st. Sanford C. Bernstein set a $34.00 price objective on shares of Intel Corporation and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, BMO Capital Markets upgraded shares of Intel Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.40.
In related news, insider Stacy J. Smith sold 472,337 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $44.23, for a total value of $20,891,465.51. Following the transaction, the insider now owns 265,298 shares of the company’s stock, valued at $11,734,130.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last three months, insiders sold 659,036 shares of company stock worth $28,872,880. 0.08% of the stock is currently owned by insiders.
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Intel Corporation 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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